Patria Announces Two Toll Road Concession Contracts in Colombia
GRAND CAYMAN, Cayman Islands, July 21, 2021 (GLOBE NEWSWIRE) -- Patria Investments Limited, or “Patria” (PAX: NASDAQ) announces the successful bid of Malla Vial del Valle (Rutas del Valle) and completed transfer of Santa-Mocoa-Neiva (Ruta al Sur), two toll road projects concessioned by Colombia’s National Infrastructure Agency (ANI), becoming the fourth and fifth toll roads managed by Patria’s infrastructure funds, consolidating its sectorial position in Latin America. Patria Infrastructure Fund IV is committing up to US
The Rutas del Valle project is a concession for a 356km toll road network, surrounding the city of Cali (Colombia’s third largest city), and is the first project of the 5G Toll Road Colombian PPP program. The contract was won in public auction in May, and Patria’s Infrastructure Fund IV will commit equity of approximately US
The Ruta al Sur project is a concession of a 484km toll road in the southeast part of Colombia between the cities of Neiva and Santana (southern border near Ecuador). Patria acquired the project from the original sponsor via the PPP Contract transfer. Over the next 4 years Patria will carry out road improvement works estimated at nearly US
In 2015, Patria started its operations in Colombia, one of the key countries for its Latin America expansion, where it currently has 25 professionals between its investments and portfolio management teams. Patria’s funds currently have 10 active investments in Colombia, in a variety of sectors including Healthcare, Agriculture and Infrastructure that have combined revenues of approximately US
About Patria Investments
Patria is a leading investment firm in Latin America’s growing private markets, with over 30 years of history, combined assets under management in excess of US
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