November 28, 2018 |
Colombia's FDN and Canada's La Caisse de dépôt et placement du Québec (CDPQ) have announced plans to provide up to COP3tn ($922m) in equity investments for infrastructure projects in Colombia.
The Colombian development bank and the local pension funds, or AFPs, have created a fund for COP1.47bn, while CDPQ has earmarked up to COP1.57tn to invest in infrastructure projects in the country, FDN said in a statement.
FDN has contributed 20% to the new fund, managed by its subsidiary Infraestructura
Colombian development bank and Canadian pension plan aim to funnel up to $1bn to infrastructure projects