East Tunnel Closes cop$1.8 Billion Funding for Second Phase of the Project

Valora Analitik

Factuality

Ownership

Túnel de Oriente - Medellín. Photo: Concession Túnel Aburrá The concession Túnel Aburrá Oriente, subsidiary of Odinsa S.A., concluded a financing operation for $1.8 billion aimed at the refinancing of the liabilities associated with the first stage of the project and to guarantee the resources necessary for the execution of its second phase. In this process, the firm Cuatrecasas acted as legal advisor, accompanying the financial closure that con…

Bloomberg Linea

Factuality

Ownership

The Borrá Oriente Tunnel Concession, a subsidiary of Odinsa, obtained funding for COP$1.8 billion for debt refinancing and construction of the second stage of the East Tunnel Connection. “The East Tunnel is an icon of Colombian engineering. This funding, which we advised from Cuatrecasas, reached a demand close to twice the amount required, which confirms the confidence of the Colombian bank in supporting projects that transform territories and …