• The initiative aims to reduce travel times and logistics costs, improve road service, and strengthen foreign trade from Buenaventura.

IDB Invest has provided a loan of 1.27 trillion Colombian pesos (approximately $315 million) to Fideicomiso P.A. Camino del Pacífico, backed by Unión Vial Camino del Pacífico S.A.S., to finance the modernization of the Buga–Loboguerrero–Buenaventura road corridor. The project is part of the Colombian government’s 5G Concessions Program and includes the rehabilitation, expansion, operation, and maintenance of this key highway for the country’s foreign trade.

IDB Invest was the largest single lender to this project, which has total financing of 3.66 trillion Colombian pesos (approximately $904 million) and also involves Bancóldex, Bancolombia, BBVA, FDN, and IFC. IDB Invest’s contribution was pivotal in attracting the participation of the other institutions, coordinated by JP Morgan. This deal aligns with IDB Invest’s “Originate-to-Share” model, aimed at mobilizing capital and scaling impact through the private sector, reaffirming its commitment to developing strategic infrastructure in Colombia and strengthening the country’s global logistics competitiveness.

This transaction reinforces IDB Invest’s commitment to sustainable development, regional integration, and the promotion of resilient infrastructure to enhance Colombia’s competitiveness and economic growth. The project also consolidates IDB Invest’s leadership in mobilizing resources in the region through its active role in securing the financing required for this strategic initiative.

The project is expected to reduce travel times by an average of 10% along one of Colombia’s most strategic corridors, which connects the country’s interior with the port of Buenaventura, and to lower vehicle operating costs by 6%. It also aims to improve connectivity between key municipalities such as Buenaventura, Dagua, Calima-Darién, Restrepo, Yotoco, La Cumbre, and Buga. The initiative will directly benefit vulnerable populations, as nearly 30% of residents in the project’s area of influence live in conditions of multidimensional poverty, fostering local development, economic growth, and community prosperity.

In addition to financing, IDB Invest will provide technical assistance to the concessionaire to strengthen the corridor’s resilience, promote a more inclusive value chain, and enhance the project’s social and environmental sustainability. These actions include studies to integrate local MSMEs into the supply chain and the design of climate risk adaptation measures.

The financing provided by IDB Invest is structured as a local-currency loan under a mini-perm scheme, with a term of up to eight years, including a four-year grace period. This structure enables the mobilization of additional resources in the capital markets after the construction phase, expanding access to long-term financing for road infrastructure.

About IDB Invest

IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website idbinvest.org/en.  

About Unión Vial Camino del Pacífico
Unión Vial Camino del Pacífico is the concessionaire responsible for leading this major road infrastructure transformation project in southwestern Colombia. Its mission covers the comprehensive management of the Buenaventura–Loboguerrero–Buga road corridor, a 128-kilometer route that is vital for the country’s trade and mobility. This includes carrying out the final studies and designs; managing social, environmental, and land acquisition processes; as well as construction, rehabilitation, improvement, and commissioning. It is also responsible for the operation and maintenance of the corridor—a comprehensive and robust commitment that ensures the project’s viability and quality.

Beyond infrastructure, Unión Vial Camino del Pacífico has established itself as a benchmark for responsible management by integrating strategic social and environmental initiatives that reinforce its commitment to the region’s sustainable development. This is reflected in its community programs and ecosystem conservation measures, ensuring the project not only meets the highest technical standards but also protects the natural and social heritage of Valle del Cauca, reaffirming a long-term vision for the future.

About Sacyr

Sacyr manages a global portfolio of transport, hospital, and water infrastructure concessions valued at 28.8 billion euros. Sacyr’s strategic ambition for 2033 is to become a world leader in the development of concessions under the public-private partnership model.