First Non-Recourse Synthetic Colombian Pesos Bridge Loan in Colombia
The Tercer Carril Bogota-Girardot Project, aka Via 40 Express road in Colombia, sponsored by Vinci & Conconcreto, was granted a COP 700,000 million synthetic Colombian Pesos bridge loan. This bridge loan will enable the start of the rehabilitation and expansion works for this road, a critical infrastructure asset for Colombia located on the strategic corridor linking the capital city of Bogotá to the port of Buenaventura on the Pacific coast.
Crédit Agricole CIB assisted its strategic clients as Mandated Lead Arranger, Agent and Hedge Provider alongside with two other international banks in this transaction, the first of its kind in Colombia.
"The closing of Via 40 Express Project is an incredible achievement and another showcase of Crédit Agricole CIB's leadership in financing infrastructure projects for our clients across the globe. I would like to thank all the teams involved on closing this first of a transaction in the fast growing Colombian infrastructure market. Bravo!"
Matthew Norman, Global Head of Infrastructure
“This sophisticated non-recourse financing in Colombia evidences Crédit Agricole CIB’s strong technical capabilities, being able to bring several products together to successfully satisfy the financing needs of our strategic clients.”
Dorothée Peuzé, Managing Director, Project Finance Latin America
“We are very proud to announce to the market the financial closing of this transaction, which confirms Crédit Agricole CIB's commitment to the development of infrastructure in Colombia.”
Juan Carlos Alvarez, Senior Country Officer for Colombia