COFIDES has formalized a financing of 39 million euros intended to Grupo Ortiz for the construction and operation of two highways of the 5G program in ColombiaThis operation of project finance Its objective is to modernize the road infrastructure and boost the logistical competitiveness of the South American country.
Breakdown of the financial operation and capital structure
The investment is channeled through two specific vehicles to address the projects of the "Magdalena Trunk Road". The financing is provided by the Fondo para Inversiones en el Exterior (FIEX) already the own resources of COFIDES.
On the one hand, the entity will participate in the society Autopista Magdalena Medio S.A.S., responsible for the operation of the "Magdalena Trunk Line I". On the other hand, it will enter into the company Autopista del Río Grande, responsible for the "Magdalena II Trunk Line".
| Project / Infrastructure | Vehicle Company | Maximum Import | Destination of the Investment |
|---|---|---|---|
| Magdalena Trunk Road I | Autopista Magdalena Medio S.A.S. | €21,05 million | Acquisition of 10% of the capital and debt |
| Magdalena Trunk Road II | Autopista del Río Grande | €18,3 million | 10% of the capital and subordinated debt |
| TOTAL | €39 million |
Logistical impact: strategic Caribbean-Inland connection
Magdalena Trunk Roads They form an essential part of the 5G road infrastructure program of ColombiaWith a total length of 532 kilometers, the project seeks to modernize the existing corridor by connecting key points such as Puerto Salgar (Cundinamarca) with Barrancabermeja (Santander) in the first phase, and Sabana de Torres (Santander) with Curumaní (César) in the second one.
The works include the construction of a dual carriageway, bypasses, and improvements to existing roads. The direct benefits of this infrastructure include:
- Time reduction: A two-hour reduction in travel time between the center of the country and the coast Caribe.
- Job: Estimated generation of 40.000 jobs.
- Regional development: Positive impact on seven municipalities and improvement of logistics competitiveness.
Consolidation of the COFIDES – Grupo Ortiz alliance
This operation marks the fifth collaboration between the two entities, reinforcing the presence of Spanish engineering in the Latin American market. Previously, COFIDES has supported Grupo Ortiz in Colombian concessions such as Conexión Norte, Transversal del Sisga, Energía de Colombia and the Hospital de Bosa.
The corporate director of Investments of COFIDES, Miguel Ángel Ladero, has assessed the operation, noting that the participation of COFIDES in the Magdalena Trunk Roads will contribute to boosting connectivity and improving the competitiveness of the area, strengthening the position of Grupo Ortiz en Colombia and promoting efficient and sustainable infrastructure
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For his part, the CEO of Grupo Ortiz, Javier de la Mata, has highlighted the importance of financial support: It further strengthens its concession projects in ColombiaThe Magdalena Trunk Roads are a landmark project due to their scale, complexity, and comprehensive sustainability vision. Their development consolidates a strategic corridor for the country.
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Grupo Ortizwith 65 years of experience and a presence in markets such as España, Estados Unidos, Perú, México y PanamáThus, it continues its diversification in the areas of Concessions, Energy, Infrastructure and Real Estate.
Key points and frequently asked questions about the Magdalena Trunk Roads
What is the scope of the project financed by COFIDES?
The project encompasses the modernization of 532 km of roads in Colombia, connecting the center of the country with the ports of Caribe through dual carriageway works and bypasses.
What is the expected economic and social impact?
The project is expected to generate 40.000 jobs, reduce travel times by two hours, and significantly boost regional economic development in seven municipalities.
How is the €39 million investment structured?
The investment is divided into 21,05 million for the operation of Trunk Line I (equity and debt acquisition) and 18,3 million for the construction of Trunk Line II (equity and subordinated debt), using funds FIEX and own resources.
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