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Globalvía awarded for financing a motorway in Costa Rica

19/02/2008

Globalvía awarded for financing a motorway in Costa Rica

Globalvía, the concessionaire of FCC and Caja Madrid, and Itínere, the concessions subsidiary of Sacyr - Vallehermoso, have been awarded for their financing project for the toll motorway to join the cities of Caldera and San José in Costa Rica. The Project Finance magazine of the Euromoney group has awarded its annual ‘Deal of the Year' prize for large financing operations to the Sacyr and FCC in the Latin American category.

Globalvía owns 48% of Autopistas del Sol, the concessionaire for the motorway.

This joint venture was awarded the building and operation for 25 years of the 76.8 km road, involving an investment of $330 million (some €225 million). The Banco Centroamericano de Integración Económica (BCIE) and Caja Madrid, supported by the World Bank's Multilateral Investment Guarantee Agency (MIGA), lead the credit syndicate, granted the concession for a maximum amortisation period of 20 years.

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