Resources for Spanish Investment in Latin America
A loan contract was signed in Madrid for USD 50 million with the Isolux Corsan Group, which will invest in broad ranging road infrastructure, energy, and civil works projects in Latin America.
(Madrid, April 26, 2013). A long term loan contract for USD 50 million was signed between Guillermo Fernandez, Director for Europe at CAF -development bank of Latin America- and the Isolux Corsan Group in Spain. The resources will be allocated to finance the construction of projects that the Group executes in Latin America.
Fernandez highlighted that "this initiative is framed within CAF's objective of strengthening the relationship between Europe and Latin America on the basis of common interests". He added that the operation in favor of the Isolux Corsan Group "complements a previous operation for USD 50 million, aimed at facilitating the conditions for the Spanish company to invest in Latin American countries, in projects that promote the sustainable development of the region.
Currently, CAF is the main source of multilateral financing for infrastructure and energy projects for the development of Latin America.
The Isolux Corsan Group is a Spanish company mainly dedicated to the construction of road and energy infrastructure, significant civil works, and the management of concessions. It operates in approximately 30 countries through subsidiaries, special purpose vehicles, and associations with local companies. In Latin America, Isolux Corsan has operated concessions and constructed infrastructure works in Argentina, Brazil, Colombia, and Mexico.
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