Suscriben contrato de crédito superior a un billón de pesos para obras de la vía Popayán- Santander de Quilichao

TL;DR

Nuevo Cauca S.A.S. has signed a credit agreement exceeding one trillion pesos for the Popayán–Santander de Quilichao highway.
The project has only achieved 49% completion and is facing delays, being one of the most lagging in the country's 4G program.
The financing aims to provide confidence to investors and communities, ensuring resources for the project's development.
The funds will help modernize the Pan-American Highway, optimizing cargo transport from Puerto de Buenaventura.
The project is expected to generate over 1,800 direct and 270 indirect jobs.
The financing was led by Bancolombia ($500 billion), with contributions from CAF-AM Ashmore II and SMBC–LarrainVial.
The total investment for the project is estimated at $3.3 trillion, aiming to reduce travel time between Cali and Popayán by up to 60 minutes.
The concessionaire, Nuevo Cauca, was awarded the project in 2015 and is responsible for rehabilitation, improvement, and construction of a second lane.
The project spans 77 kilometers and is divided into four sections, benefiting six municipalities.

Continuar leyendo el artículo original