September 9, 2016
Colombia’s Agencia Nacional de Infraestructura (ANI) is halfway through the first round of its fourth-generation (4G) concessions program as the $450 million-equivalent debt financing for Autopistas del Nordeste, which holds the concession for the Conexión Norte project, reaches its close. The financing, for which Bancolombia, Davivienda and Sumitomo Mitsui Banking Corp. (SMBC) are lead arrangers, would take the total debt raised for the first round to just under $3 billion equivalent.
That number serves as a slight rebuke to observers who doubted that Colombia’s new infrastructure concession model would attract enough financing to make 4G a reality. The total comes from a broad spread of do
Has a wave of financings for the first round of Colombia’s 4G roads program put to rest doubts about whether future rounds will be bankable? By Tom Nelthorpe