John Laing announces GBP 615m Latin American investment pipeline

03 March 2020 - 12:00 am UTC

British infrastructure developer John Laing has a GBP 615m (USD 787.84m) investment pipeline in Latin America, the company said on 3 March in its FY19 results.

The developer made its first investment in Latin America in 2019, spending GBP 62m to acquire a 30% stake in the Bucaramanga-Barrancabermeja-Yondo highway (Ruta del Cacao) in October.

“We have long seen the attraction in investing in Colombia, a country that joined the OECD in 2018 and has a substantial PPP programme (sic), particularly in the transportation sector,” the company said in the report.

“We continue to see a large pipeline of opportunities [in Colombia] and in other countries in Latin America such as Peru and Chile, which we continue to explore with our network of existing partners.”

The developer listed GBP 531m in opportunities in the transportation sector and GBP 84m in the utilities sector without specifying geographic location or the number of prospective projects.

The deals appear to be at an early stage, as John Laing did not say that any of the opportunities were at the preferred bidder or shortlisted stages.

The developer has established Latin America as its “fourth region,” behind Europe, North America and Asia Pacific.

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