FDN approved $ 730,000 million in credits to boost the 4G

The Board of Directors of the FDN approved $ 730,000 million for the 4G Program, of which $ 575,000 million is for senior debt credits and $ 155,000 million in liquidity lines.

The National Development Bank (FDN) explained that it is working on the continuation of the mobilization of resources from other sources of financing such as international banking, which participates directly and with the peso funding instrument, and also the mobilization of debt funds. local to complete the financial closures.

This is how the financial institution approved a credit of senior debt with a term of up to 14 years for $ 403,000 million for the Ruta del Cacao project (Bucaramanga-Barrancabermeja-Yondó). And a credit of senior debt for up to $ 172,000 million to 13 years for the project and Transversal del Sisga.

The FDN also approved a $ 105,000 million liquidity line with a term of up to 24 years for Ruta del Cacao and a liquidity line for up to $ 50,000 million for the Transversal del Sisga project.

According to information from the FDN, the Ruta del Cacao project will improve the mobility conditions between the Santander region and the Magdalena Medio region, also connecting the route with Ruta del Sol. And it seeks to reduce the time Travel time from Barrancabermeja to Bucaramanga in about an hour.

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“This will improve accessibility conditions to the municipality of Barrancabermeja and its area of influence,” the FDN said.

It must be said that this route covers a total of 189.04 kilometers, of which 80.84 kilometers are construction and 108.2 kilometers are for improvement and rehabilitation of the existing road. It also includes the construction of 16 bridges, 2 viaducts and 2 tunnels with a combined length of 5.95 kilometers, and the design, construction, and improvement of 15.6 kilometers.

According to information from the National Development Bank, the project will generate approximately 9,800 new jobs during the construction phase, directly benefiting 10 municipalities and an estimated population of 1.5 million inhabitants.

Meanwhile, the sponsors of the project are RM Holding, an infrastructure company that belongs to the Colombian Infrastructure Fund, MC Victorias Tempranas, which is a company of the Mercantile Colpatria Group, and Cintra Infraestructuras Colombia, a company of the Spanish company Ferrovial. The specialists of the project are Constructora Colpatria and Ferrovial Agromán.

Another project that is advancing the entity is Transversal del Sisga. A project that passes through Casanare, Boyacá, and Cundinamarca, contemplates the rehabilitation of 15 tunnels by 7 kilometers, 53 bridges and the designs of the third phase of the project.

It is worth mentioning that Transversal del Sisga connects with the Villavicencio-Yopal highway and the Briceño-Tunja-Sogamoso highway. It also provides road alternatives to connect the center of the country with the eastern plains. According to the FDN, the initiative will contribute to improving travel time, going from 5.3 hours to 4.8 hours and reducing costs, compared to the Transversal de Cusiana, whose function is also to connect the center of the country with the east.

In this case, the sponsors are Grupo Ortiz and KMA Construcciones. Additionally, the renewal of the bank guarantee was approved for up to Ch $ 44,800 million to KMA Construcciones.

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Loans to companies for cleaning Bogota

FDN granted a credit of senior debt $ 40,000 million Clean City. This company has an 8-year concession for the collection of unusable waste, the sweeping and cleaning of roads and public areas, the cutting of grass and pruning of trees in public areas, the containerization, the washing of public areas and the transportation of the waste to the final disposal sites in the city of Bogotá.

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