The International Finance Corporation (“IFC”); a member of the World Bank; has been approached by the Government of Cundinamarca (“GoC”) through the Mobility Secretariat (“SMC”) and the Empresa Férrea Regional (“EFR”) (jointly the “Client”); to act as transaction lead advisors to of the Zipaquirá Train by structuring and implementing one brownfield road project under a Public-Private Partnership (“PPP”) arrangement (the “Project”). The objective of the project is to support the Client and act as lead transaction advisor to prepare; promote and tender a transaction that will pursue the construction and operation and maintenance of a regional mass transport rail connection between Bogota and the northern surrounding cities (Chia; Cajica and Zipaquira). Furthermore; IFC would integrate environmental and social (E&S); climate considerations for both decarbonization and resilience; gender; and accessibility elements into the new concession structure. Tren de Zipaquirá would utilize the existing route of the Bogotá-Belencito railway corridor from the current kilometer point 05+000 to La Caro; where it diverges to occupy the La Caro-Zipaquirá railway corridor to the current kilometer point 54+400.The preliminary studies propose light metro-type trains with total expected CAPEX of US$2.5 billion; to service approximately 153k passengers per day. The project counts with studies and designs at a feasibility level developed by Findeter; which have to be revised; adjusted and complemented by IFC and its consultants. The concessionaire would be responsible for the design; financing; construction; operation; and maintenance of 48.9 kilometers of railway infrastructure. From the total km of the corridor; 25.3 kms will pass through urban areas and the remaining 23.7 kms through suburban/rural areas. The most suitable construction method; as preliminarily determined by the feasibility studies; is the development of two railway tracks (one in each direction) with 24 stations (10 underground; 13 at ground level; and 1 elevated).