Acted as Colombian counsel to TMF Colombia Ltda, as collateral agent, in connection with the refinancing of the 4G road project

Posse Herrera Ruiz acted as Colombian counsel to TMF Colombia Ltda, as collateral agent, in connection with the refinancing of the 4G road project connecting Pamplona and Cúcuta.
The refinancing was structured through a USD $400 million social bond, a multi-trench USD $165 million loan, and another bank loan in Colombian pesos equivalent to USD $77 million.
The refinancing received a social qualification by Moody’s ESG Solutions.
Relevance of the project:
Pamplona-Cúcuta will improve road connectivity in Colombia, especially in the border to Venezuela, promoting the social and economic development of the northeastern region of Colombia.
Thus, the road will reduce travel times and transport costs, directly impacting over 782,000 people locally.
Several social and environmental program-related actions have been launched, including training sessions, tree planting, supporting entrepreneurial projects, health brigades and others. Additionally, over 5,000 direct jobs were created across different project stages, which contribute to the development of the region and local communities.

Link to public information: