BBVA and China Harbour Engineering Move Forward with Green Guarantee For the Buildin of Bogota Subway

GO ECO GREEN21

foto METRO BOGOTA

ENERGIA LIMPIA XXI.BBVA’s teams in Asia and Colombia secured this cross-border transaction, which will allow Asian client China Harbour Engineering (CHEC) to finance the concession contract for the construction, operation and maintenance of line 1 of the Bogotá subway. The landmark agreement will contribute to financing an unprecedented operation, being the largest infrastructure project in the history of Colombia as well as the most ambitious cooperation project ever signed between the Latin American country and China. The transaction is the first one certified by BBVA in Asia in compliance with its sustainable transactional banking framework.

BBVA and China Harbour Engineering have signed a $90 million guarantee facility to finance the concession contract for the construction of line 1 of the Bogotá metro, the first in the Colombian capital. The electric public transport construction project has been certified as green, in compliance with BBVA’s sustainable transactional banking…

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