Odinsa and Construcciones El Cóndor Complete $458 Million Financing of Colombian Toll Road Project
New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Odinsa S.A. and Construcciones El Cóndor S.A. as sponsors on the approximately $458 million financing for the development, construction, rehabilitation, operation and maintenance of the Conexión Pacífico 2 toll-road project in the Antioquia region of the Republic of Colombia.
The Conexión Pacífico 2 project will connect Antioquia with the north coast of Colombia.
The financing, which is in both US Dollars and Colombian Pesos, will be used to fund the first wave of the Cuarta Generación (4G) road program in Colombia and consists of the construction, maintenance and operation of new roads, as well as rehabilitation, maintenance and operation of existing stretches. Once the project is complete, the road will connect the north coast of Colombia with Antioquia.
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