| Project Detail |
This early disclosure covers an application by BNP Paribas S.A., and/or any of its subsidiaries or affiliates, and/or Other Lenders yet-to-be-identified (the Lenders), for their non-shareholder loans to Bogotá, Distrito Capital (Bogota), to finance its contributions to the Bogota Metro Line 1 project (the Project). The Lenders are seeking guarantees of up to COP 3,200 billion against the risk of Non-Honoring of Financial Obligations of a sub-sovereign entity for their loans of up to COP 1,700 billion (the Loans) for a period of up to 10 years and 6 months. The Project involves the studies, designs, construction, operation and maintenance of a 24km elevated rail viaduct connecting the southwest of the District of Bogotá with the central business area of the city. It will also include the provision and installation of the necessary rails, rolling stock and electrical, control, telecommunications and fare collection system for the operation of the Metro Line 1 as well as additional elements ancillary to the main infrastructure. |
