June 11, 2020 |
Market participants have reacted favorably to the revised rules for Colombia's fifth generation of toll road concessions after the national infrastructure agency ANI issued the guidelines in April, sources told LatinFinance.
"Overall, we think the 5G template includes some improvements at least in some areas compared to the 4G template," said Guido Liniado, a member of the Latin America group at the law firm Clifford Chance.
"There will be changes that both lenders and sponsors will need to take
ANI replaces periodic top-up payments with annual revenue support, but lenders are expected to seek more guarantees