COFIDES has granted Sacyr a €40 million co-investment loan to partially finance the Buenaventura-Loboguerrero-Buga (Buga) PPP, which involves the design, construction, and maintenance of 128 km of road. The Buga project, with a total investment exceeding €800 million, is part of the Colombian Bicentennial Highways Program (5G).
The infrastructure will benefit three million residents of Valle del Cauca and strengthen the region’s competitiveness by improving the connection with the Port of Buenaventura, the largest port on Colombia’s Pacific coast. The project is expected to generate more than 6,000 direct and indirect jobs during the construction phase, stimulating the regional economy.
COFIDES and Sacyr maintain an ongoing collaboration, with multiple financed operations in markets such as Chile, Paraguay, Italy, Oman, and Australia, demonstrating their joint experience in structuring large-scale concession projects.
For Miguel Ángel Ladero, Corporate Director of COFIDES’ Investment Department, “this project represents a significant step in COFIDES’ commitment to supporting infrastructure that promotes territorial integration, competitiveness, and sustainable development. The collaboration with Sacyr strengthens our contribution to projects with high social and economic impact.”
Pablo Otero, CFO of Sacyr, highlighted that “COFIDES’ support is crucial for sustainable development and the positive social impact of transport infrastructure, as well as the importance of diversifying funding sources for a leading concession group like Sacyr, which is at the forefront of infrastructure project financing.”
ABOUT SACYR
Sacyr is a concession company that develops transport, social, and water infrastructure projects that generate positive social, economic, and environmental impact. Sustainability and innovation are central to all its activities and projects, carried out by a team of 15,000 professionals, placing Sacyr third in the global ranking of infrastructure concession developers, according to Public Works Financing. Sacyr holds a “BBBlow” rating from Morningstar DBRS.
ABOUT COFIDES
COFIDES is a state-owned company that manages public funds as well as resources from third-party institutions for different objectives: the internationalization of the Spanish economy, attracting foreign investment to strategic sectors in Spain, promoting impact-driven economy projects in Spain, and contributing to the development of countries where it invests. In addition to the Spanish State, which holds a majority stake, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF – Development Bank of Latin America
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