Thursday, July 9, 2020

Become part of our community


‘Pacifico 1, 2’ Prosperity Highway Financing Complete: Antioquia Boosts Pacific Link

Published in general news Written by  October 22 2015 font size decrease font size increase font size 0
Rate this item
(1 Vote)

Colombia’s national infrastructure agency (ANI) announced October 21 that financial close has now been achieved on the “Pacifico 1” (Medellin to Bolombolo) highway project and the related “Pacifico 2” (Bolombolo to La Pintada) projects.

Both projects will speed freight traffic links between Antioquia and the key Pacific port of Buenaventura, as well as links between the key coffee-growing regions of Colombia and Antioquia’s in-development Atlantic port connections.

Commenting on the latest developments, ANI president Luis Fernando Andrade said: “The importance of these financial closures is that long-term [funding] of 15 to 20 years was obtained to finance these projects at very reasonable interest rates, which assures us that we will be able to continue doing this kind of infrastructure [finance].”

The COP1.8 trillion (US$614 million) “Pacifico 1” project – to be built by the Covipacifico S.A.S. consortium – will be financed by Colombian banking giants Davivienda and Banco de Bogota.

“Pacifico 1” stretches from the southern suburbs of Medellin to the town of Bolombolo, on the banks of the Cauca River. This new divided highway will be 49 kilometers long, and will feature two tunnels – 4.1 kilometers in length at Amaga, and 1.5 kilometers in length at Sinifaná.

The COP$912 billion (US$311 million) “Pacifico 2” project– being built by Concesión La Pintada – will be financed by Brazilian banking giant Itaú.

This 98-kilometers-long project – 44 kilometers of which will be divided highway -- will connect Bolombolo to La Pintada alongside the Cauca River, and hook-up with the “Pacifico 3” highway toward Buenaventura. "Pacifico 2" will include a double tunnel of 2.5 kilometers in length at Mulatos, along with 69 bridges.

Read 8253 times Last modified on Last modified on October 22 2015

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

Contact US

logo def
Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.
  • COL (4) 386 06 27
  • USA (1) 305 517 76 35
  •  This email address is being protected from spambots. You need JavaScript enabled to view it. 
  • Medellin, Antioquia, Colombia

Medellín Photo Galery

Medellin, contrasting colors and styles by Gabriel Buitrago