PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599983

Primary Business Area

Public-Private Partnerships Transaction Advisory

Disclosure Date

Jan 9, 2014

Country

Colombia

Region

Latin America and the Caribbean

IFC Approval Date

Oct 7, 2013

Status

Completed

Estimated Total Budget

$353,846.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 8, 2022

Project Estimated End Date

Jan 31, 2015

Project Description

IFC and Financiera de Desarrollo Nacional signed an agreement on October 9th, 2013 to create an integrated infrastructure development fund in Colombia that will support the government in structuring and tendering private sector participation projects in a broad range of infrastructure sectors at the national or sub-national level. Following signing, fund implementation work by IFC and FDN started on November 1, 2013 aimed at business development. An initial amount to be managed by IFC has been allocated for business development, which is only a portion of the total resources of $2 million in the fund. Following business development work, the first project is expected to start by or before January 31, 2015.

Development Results

E&S Risks / Impacts and Mitigation