Conconcreto and Vinci Highways Complete Financing for Bogotá-Girardot Third Lane Expansion Project
February 24, 2021
New York – Paul Hastings LLP, a leading global law firm, announced today that it represented Colombia's Conconcreto and France’s Vinci Highways in the COP 700bn ($196 million) synthetic Colombian Peso, non-recourse bridge loan financing for the 145km (90.1-mile) Bogotá–Girardot toll road project. The project is a private initiative under the Colombian 4G program and covers one of the busiest and most strategic roads in Colombia.
The financing will enable the start of the rehabilitation and expansion works for project, a critical infrastructure asset for Colombia located on the strategic corridor linking the capital city of Bogotá to the port of Buenaventura on the Pacific coast. The project will expand 65km of the roadway through the addition of a third lane.
Latin America and Global Infrastructure and Energy partner Bob Kartheiser led the Paul Hastings team, which also included associates Thomas Sines and Juan Martín Estrada, with assistance from partner Charles Cardon and associate Vincent Nacinovic in Paris.
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