COFIDES is partnering with Aleatica in the construction of the Magdalena River Highway 2 in the department of Antioquia and Santander, Colombia. It will provide 25 million euros through a joint venture loan from its own resources and the Fund for Foreign Investment (FIEX).
The Río Magdalena highway is being developed in the country's second largest manufacturing region, Antioquia, improving links between the west and centre of the country and the Caribbean and Atlantic coast. The infrastructure will be 153.3 km long - 83.5 km of which will be new construction - and will provide greater safety and reduced travel times for users.
This highway is part of the first wave of Colombia's 4G (fourth generation) motorway concession programme, the aim of which is to modernise the country's infrastructure network through the concession of 40 different toll roads covering more than 8,000km. The programme is a strategic priority for the Colombian government, as it is one of the country's main growth drivers in the short term.
The COFIDES chairman, José Luis Curbelo, stated that "it is gratifying to be able to contribute to improving infrastructure within Colombia, a country adapting to peace, by supporting new projects that will improve economic activity and competitiveness, as well as people's quality of life, while promoting the sustainable development of the parts of the country that will now be able to enjoy increased road connectivity".
“Aleatica aims to promote smart, sustainable and safe mobility by facilitating the creation of high-performance motorways," said Alejandro Niño, managing director of Río Magdalena.
CONTRIBUTION TO THE SDGS
This project makes a significant contribution to the achievement of Sustainable Development Goal (SDG) 9, Industry, innovation and infrastructure. The construction of this motorway will increase the number of daily passengers using private transport by 2,500. It also contributes to SDG 8, Decent work and economic growth, with the creation of 3,456 jobs, and SDG 5, Gender equality, with 463 women employed.
ABOUT ALEATICA
Aleatica is a leading global company with its head office in Madrid. It focuses on operating and developing transport assets and has around 2,200 employees worldwide. With an annual turnover of around 570 million euros, it currently manages 20 concessions, 16 motorways, two ports, a light railway line and an airport - five of which are under construction - in seven countries in Europe and Latin America: Spain, Italy, the United Kingdom, Mexico, Colombia, Peru and Chile. Aleatica is wholly owned by IFM Global Infrastructure Fund, backed by IFM Investors, a global institutional investor with nearly 180 billion dollars under management as of the 31st of December 2021.
ABOUT COFIDES
COFIDES, a state-owned company engaging in the management of State and third-party as well as its own funds, pursues a number of aims: internationalisation of Spain’s economy, furtherance of economic development and fortification of the solvency of companies affected by COVID-19. In addition to the Spanish State, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Development Bank of Latin America (CAF).
cloud technology axon
Papresa ha firmado recientemente su proceso de refinanciación de deud...
