Sacyr requests IDB Invest funding to refinance 4G toll road

Sacyr requests IDB Invest funding to refinance 4G toll road

IDB Invest Inter-American Development Bank (IDB) Debt Loans Project & Infrastructure Finance Toll Road Colombia Spain Ecuador

Vial Unión del Sur, a concessionaire owned by Spanish construction company Sacyr, has requested COP380 billion ($102 million) in funding from IDB Invest to refinance the Rumichaca-Pasto toll road in Colombia, according to documents on the multilateral lender's website. The concessionaire signed a 25-year contract for the highway in October 2015 as part of the Colombian government's 4G toll road concessions program. It took out $60 million in bridge financing from JPMorgan and Santander in August

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