The proposed project entails an IFC equity investment of up to US$40m equivalent in COP (COP$150,000m) or up to 20% of the total commitments, as limited partner in an infrastructure debt fund managed by Unión para la Infraestructura S.A.S. (“UPI” or the “Manager”). This will be an IFC follow-on investment in compartment A of UPI’s second debt fund (the “Second Fund” or the “Fund”). The Second Fund will be earmarked to finance toll-roads and airports projects under the 4G and 5G infrastructure programs in Colombia (the “Project”). In December 2015, IFC committed COP$150,000m (US$48m) in UPI’s first debt fund (the “First Fund”), which provided senior debt financing to four projects under Colombia’s 4G toll-road concession program.
The Project has an Anticipated Impact Measurement and Monitoring (AIMM) rating of Satisfactory. The most significant, expected project-level outcome comes from the improved access to road infrastructure and it supported by the improved quality of finance for infrastructure projects through the provision of longer-tenor funding. Beyond the Project, IFC anticipates that the investment will promote competitiveness by fostering the creation of infrastructure debt funds as an investible asset class for institutional investors with a long-term focus and a complementary source of funding for infrastructure projects through demonstration and replication effects.
Unión Para La Infraestructura S.A.S.
Adriana Gallego / Cristina Peláez
Directora Técnica / Directora Crédito
57 1 4320930
Carrera 7 No. 71 – 21 Torre B Ofic. 1602 Bogotá, Colombia
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