FCC Returns To Its Banks

As Spain’s Fomento de Construcciones y Contratas (FCC) sells its 50% stake in Globalvia, a leading international road developer-operator, it is struggling to refinance its debt and reinvent itself as an international player.

To that end, FCC recently booked a P3 deal in Colombia’s Antiquoia state to build a 10-km-long tunnel worth Euro 392 million (US$415 million). FCC will head and hold 40% of the Servicios Ciudadanos consortium, local firms will hold 60%. The Túnel del Toyo, which includes a 40-km four-lane highway connecting it with the state capital city of Medellín, will be Colombia’s longest when it comes into service in six years.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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