Rumichaca-Pasto Highway

Building the most important road infrastructure in southwestern Colombia has made us part of the country’s history

Shared Value

Value for Society

The Rumichaca-Pasto Concession project is boosting the economy of the department of Nariño.

Value for Shareholders

We’ve contributed to the development of Nariño by building the only 4G road of the entire region.

Value for People

We’re proud to say that in the last decades we have become the largest employer in the south of Colombia.

Characteristics

Client

Agencia Nacional de Infraestructura

Start/End Operation

2022-2044

Remuneration Scheme

Availability Payment

Status

Operation

Rumichaca-Pasto highway

Making the south of Colombia more competitive is a reality with the new 83 km road corridor. We are making it possible through a 15.7 km of rehabilitation work between Rumichaca and the jurisdiction of San Juan in the municipality of Ipiales, the construction of a 62.1 km dual carriageway and the rehabilitation of 5.2 km of an existing track. In order to improve traveling times, safety and comfort to the road we are adding 2 footbridges, 7 vehicle bridges and y 12 returns.

The road has received four awards thanks to its financial model: the Financing Innovation of the Year and the Infrastructure Financing of the Year, awarded by the publication LatinFinance; the COP Bond Deal of the Year, granted by the firm Bonds & Loans and the Proximo Latin America Deals of the Year Awards 2022 in the category of road infrastructures. 

This financing process included the issue of a social bond for $262M. It is the second social bond issued by Sacyr in Colombia and the largest that has been issued in Latin America. Among other aspects, this bond has stood out for its demand, which has been twice as high as the value of the bond. 

Moreover, the Rumichaca-Pasto concession constitutes a key example in terms of sustainability thanks to the development of a green project that uses coconut fiber for slope stabilization. Thus, and through the installation of 406,800 m2 of biomats composed of this material, it is possible to mitigate the damages derived from erosion, improve the soil’s absorption and enhance the growth of vegetation. 

Moreover, different socio-environmental programs have been carried out around the Rumichaca-Pasto concession, which have benefited more than 17,500 people. 

726

MILLION € INVESTMENT

60%

STAKE

83

KILOMETERS

4,064

VEHICLES/DAY