ANNOUNCEMENT 22 Mar 2022

In March 2022, the Spanish Development Financing Company (COFIDES in Spanish) and Aleatica S.A. signed a EUR 25 million (USD 27.6 million) loan to finance the company's highway project in Colombia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Compañía Española de Financiación del Desarrollo (COFIDES). Spanish Development Financing Company. Press release. "COFIDES apoya a Aleatica en la construcción de una autopista en Colombia". 22/03/2022. Available at:
https://www.cofides.es/noticias/notas-de-prensa/cofides-apoya-aleatica-construccion-autopista-colombia

Compañía Española de Financiación del Desarrollo (COFIDES). Spanish Development Financing Company. Fondo para Inversiones en el Exterior (FIEX). Available at:
https://www.cofides.es/financiacion/instrumentos-financieros/fondo-para-inversiones-exterior-fiex#:~:text=El%20FIEX%20permite%20realizar%20participaciones,empresas%20situadas%20en%20el%20exterior.

Inception date: 22 Mar 2022 | Removal date: open ended

Trade finance

On 22 March 2022, the Spanish Development Financing Company (COFIDES in Spanish) and Aleatica S.A. signed a EUR 25 million (USD 27.6 million) loan to finance the company's roadway project of a highway in Colombia. The financial resources are retrieved from the public Fund for Investments Abroad (FIEX in Spanish) established via Law 66/1997.

Aleatica S.A. is a Madrid-based company that operates mobility infrastructures, such as roadways, railways, airports and ports. It has an international presence in Italy, the United Kingdom and Latin America. In particular, the construction project is called "Autopista al Río Magdalena 2" and will improve the connection between the west and centre of Colombia with the Caribbean and the Atlantic coast. 

In this context, COFIDES' President, José Luis Curbelo, noted: "It is satisfactory to contribute to the better infrastructure of the Colombia that is emerging by supporting new infrastructures that will improve economic activity and competitiveness, as well as the quality of people's lives". 

COFIDES is a state-owned trading company that has public and private financiers. It provides medium and long-term financing for investment projects that contribute both to the development and internationalization of Spanish companies.

 

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