Structured Finance: Case Study of Ruta del Sol Project, Sector N° 2 in Colombia

Carlos Humberto Monsalve López ()
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Carlos Humberto Monsalve López: Magister en Administración Financiera por la Universidad EAFIT. Universidad Católica de Oriente. Rionegro, Colombia

Economía, 2020, vol. 45, issue 49, 267-290

Abstract: This paper aims to look over the financial structuring of the road project Ruta del Sol, specifically in sector N° 2 that was carried out under the modality of structured Finance which allows to reduce the construction and operation risks and additionally to agree the payment forms, the incentives for execution and the penalties for breach or delay. In that regard, the results show that although the legitimacy to the intervention of the National Agency of Infrastructure (ANI) and the enterprise holding the concession to carry out the project are recognized, it is still to be solved the role of the National Agency of Infrastructure as a guarantor and a watchdog agency of the parts and institutions which participated as auditors regarding the felonies related to this project.

Keywords: Concession; risk; sponsor; structured finance (search for similar items in EconPapers)
JEL-codes: G18 G32 O22 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:45:y:2020-2021:i:49:p:267-290

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