Deal details

Rumichaca-Pasto 4G PPP Refinancing

Description

The Concessionaire is a second-wave 4G Private Public Partnership that consists of the design, financing, construction, improvement, rehabilitation, operation and maintenance of the corridor Rumichaca-Pasto, located in the Nariño province of Colombia, near the border with Ecuador.The Project involves the conversion of ~83km of Route 25 into a dual carriageway (with 25km alternative alignment for part of the route) and the required O&M activities. The Project also includes the construction of seven bridges with a total length of approximately 1,670m; and two toll stations, one newly built and one existing toll station, El Placer. The Project is under construction and as of October 2021, it is 94.51% complete.It is expected to reach COD by May 2022.

Assets involved

Companies involved

  • Sumitomo Mitsui Banking Corporation (SMBC), Credit Agricole CIB, Societe Generale, Siemens Financial Services, MUFG
  • Banco Davivienda, Financiera de Desarrollo Nacional (FDN), Bancolombia
  • Sudamericana Integral de Construcciones (Sudinco), Sacyr
  • Posse Herrera, Clifford Chance
  • Infrata
  • Marsh
  • Mazars, Ernst & Young
  • Sacyr , Sudamericana Integral de Construcciones (Sudinco)
  • Inter-American Development Bank
  • IDB Invest
  • Societe Generale, Sumitomo Mitsui Banking Corporation (SMBC), MUFG
  • Santander, JP Morgan, Goldman Sachs
  • Philippi, Prietocarrizosa & Uría, Holland & Knight, Allen & Overy, Latham & Watkins, White & Case
  • Goldman Sachs
  • Colombian National Infrastructure Agency (ANI)
  • JP Morgan, MUFG, Societe Generale, Sumitomo Mitsui Banking Corporation (SMBC)
  • Goldman Sachs
  • Steer
  • Colombian National Infrastructure Agency (ANI)
  • Sudamericana Integral de Construcciones (Sudinco), Sacyr
  • Santander, JP Morgan
  • Bancolombia
  • Goldman Sachs, JP Morgan
  • Posse Herrera

Key information

Fideicomiso P.A. Union del Sur

1083$m

10-02-2022

Transport / Road

Colombia

Project & Infrastructure Finance

Not PPP

Tranche information

Term Loan

124$m

US Dollar - USD

0

8.17 years

-

-

-

Letter of Credit

28$m

US Dollar - USD

0

4.0 years

-

-

-

Term Loan

151$m

US Dollar - USD

0

15.17 years

-

-

-

Term Loan

258$m

Colombian Peso - COP

1,020,000,000

17.08 years

-

-

-

Project Bond

262$m

US Dollar - USD

0

19.0 years

-

-

-

Term Loan

258$m

Colombian Peso - COP

3,140,000,000

8.33 years

-

-

-