COFIDES increases its stake in the Transversal del Sisga road project in Colombia from 24.9% to 49.9%, partnering with Grupo Ortiz to enhance transportation infrastructure.

Target Information

COFIDES has once again partnered with Grupo Ortiz in the operation and maintenance of the "Transversal del Sisga" road in Colombia. Through the Foreign Investment Fund (FIEX) and its own resources, COFIDES will increase its stake in Concesión Transversal del Sisga from 24.9% to 49.9%, along with subordinated debt amounting to €19.5 million. This financing enables COFIDES and Grupo Ortiz to acquire a 50% share currently held by a local partner.

Industry Overview in Colombia

The Transversal del Sisga concession is part of Colombia's fourth generation of road concessions, known as "4G." This operational 137-kilometer corridor serves as a vital connection in the central region of the country, benefiting over 5.2 million residents across the departments of Cundinamarca, Boyacá, and Casanare. The development of such infrastructure is crucial as it fosters regional connectivity and enhances economic opportunities.

Colombia's infrastructure sector has been a focal point for investment in recent years, driven by government initiatives aimed at improving road networks, energy distribution, and public services. The