IFC Signs US$220 Million Sustainability-Linked Loan to Finance Colombia's Strategic Buga-Loboguerrero-Buenaventura Corridor
Colombia, Aug. 11 -- The International Finance Corporation (IFC), a member of the World Bank Group, announced the financing of the Buga-Loboguerrero-Buenaventura (BLB) concession in Colombia. This project, awarded in 2022 to SACYR, is a brownfield toll road that will play a vital role in improving and maintaining one of Colombia's most strategic commercial corridors.The BLB corridor connects the country's interior with Buenaventura, Colombia's largest port, which handles 44% of the nation's total trade. The investment is expected to significantly enhance connectivity, delivering travel time savings of 30 to 40 minutes and ensuring stability along a route that has historically suffered from disruptions due to inadequate maintenance. These im...
To read the full article or to get the complete feed from this publication, please
Contact Us.