PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600922

Primary Business Area

Cross-Industry Advisory Services

Disclosure Date

Oct 4, 2015

Country

Colombia

Region

Latin America and the Caribbean

IFC Approval Date

Jul 21, 2015

Status

Completed

Estimated Total Budget

$1,743,571.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 11, 2022

Project Estimated End Date

Mar 31, 2017

Project Description

IFC will act as the lead transaction advisor for FDN. The project will be implemented by the Colombia Ministry of Education (MoE) and Entidades Territoriales Certificadas (ETCs) namely Antioquia, Barranquilla, Cartagena and Medellin, which are Municipal or State Governments responsible for providing education services. The project consists of structuring four PPP transactions to identify a qualified private partner to finance, design, and construct new education facilities, expand existing facilities, equip and maintain them, and provide certain non-pedagogical services.

Development Results

E&S Risks / Impacts and Mitigation