Rutas del Valle
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Lara Manzano, Ricardo Julian
USD $ 98,515,400
Project scope and objective
The new Valle del Cauca Road Network – Cali and Palmira Access Roads (the “Project” or the “Rutas del Valle”) is the first project granted under the fifth generation concessions program led by the Government of Colombia through the National Infrastructure Agency (Agencia Nacional de Infraestructura, “ANI)”. The Project, mainly aimed at improving the road network around the cities of Cali and Palmira, was granted in May 2021 to Sociedad Concesionaria Rutas del Valle S.A.S. (the “Concessionaire”), formed by Rodovías Colombia (Patria Investments affiliate) (70%) and Mercantil Colpatria (30%). The Project has a maximum term of 29 years, which may be shorter if the current revenue level is reached for the eight existing tolls as presented in the Project bid. It should be noted that no new tolls will be installed, and existing rates will not be increased either.
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Sandra Liliana Pinto Franco
Directora Financiera y Administrativa
+57 311 829 9217
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005