📋 Tender Overview
Project Number
50403
Company Name
Union Vial Camino del Pacifico
Date ESRS Disclosed
Feb 28, 2025
Country
Colombia
Region
Latin America and the Caribbean
Last Updated Date
Environmental Category
A
Status
Pending Approval
Sector
Highway Operations (Includes Toll Roads)
Industry
Infrastructure
Department
Regional Industry INF LAC & EUR
Project Description
The proposed investment entails a project finance secured facility A-Loan of up to US$200m in COP-linked equivalent (approximately (COP$ 840,000m) to Unión Vial del Pacífico S.A.S ( UNIVIAL , the Company , or the Concessionaire ) - https://caminodelpacifico.com. The estimated total project cost is US$1 billion, with additional financing provided by both international and local banks. The loan proceeds will be used for the Buenaventura-Loboguerrero-Buga concession ( BLB or the Project ), a brownfield toll road in the Valle del Cauca Department. This project was awarded to the Company in August 2022 by Colombia’s National Infrastructure Agency ( ANI ), with construction starting in August 2024. Construction and maintenance activities during preoperational stage will be developed by Sacyr Construcción Colombia (the EPC ). The road, which connects Buenaventura, Colombia's main Pacific coast port, with the country's interior, began operations in the 1960s and has been rehabilitated and expanded over the years under government intervention and previous concessions.
The project is divided into twenty-two sections or Functional Units (UF) and involves the operation and maintenance (O&M) of 244 km of existing road, including the rehabilitation and improvement of 154 km, the addition of two short tunnels totaling 1.4 km, stabilizing critical slopes, enhancing 33.7 km of road, converting 35 km of single carriageway to dual, rehabilitating the last 24 km access road through Buenaventura, and replacing electromechanical equipment in 17 tunnels with a combined length of 9.3 km. The construction phase, which began in August 2024, will last approximately 3.5 years, while the operations and maintenance (O&M) stage will extend for 29 years from the concession start date. Other facilities include tolls and bike paths.
