Colombia concession contracts need revising for risk allocation

22 November 2019 - 12:00 am UTC

Infrastructure developers and grantors need to revise risks allocations in concessions contracts, said Fernando Bravo, head of infrastructure financing for Latin America at Goldman Sachs at the XVI National Infrastructure Congress in Cartagena on 21 November.

Increasing delays in obtaining permits and authorizations, mostly land rights and environmental licenses, are among the main hurdles that fall on the side of the private developers of the 4G highway program, which are causing also delays in disbursing funds because of unfulfilled conditions precedent, Bravo added.

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