IFC Partitions Colombia Tollroad Concession

IFC Partitions Colombia Tollroad Concession

Colombia

The IFC has decided to break up an up to $2bn concession for Colombia’s Ruta del Sol tollroad into three pieces to facilitate bidding and eventual financing for the landmark project. Worsening financing conditions, especially for cross border financing, are a significant contributor to the strategic shift for the project, being structured by the IFC’s local branch, say executives that plan on bidding. The Colombian government is now expected to contribute a majority of the capital and operationa

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