ISA Nabs Autopistas Deal

Colombian infrastructure company ISA has signed a contract with the government’s National Concession Institute (known as Inco in Spanish) to begin working on the construction of Autopistas de la Montana, a 1,251-km highway with a 40-year concession, which will require an investment of COP5.6trn ($2.8bn). Of the total, the Colombian government will provide COP1trn, the government of Antioquia will provide COP600bn, and the municipality of Medellin will give COP400bn. ISA will finance the remaining COP3.6trn. ISA CEO Luis Fernando Alarcon tells LatinFinance he expects construction to begin in 2011.