Colombian government releases funds for road concessions

The Colombian government is to release funds of US$12.27 billion from the national budget for the Autopistas de la Prosperidad road programme, involving nine road concessions. Concession holders will invest US$7.4 billion into these projects; since monies from tolls will be insufficient to complete all works, the government will inject further funds of US$23.2 billion over the next decade. Ministers have stressed the importance of this road infrastructure and the need to speed up the process. This news
September 25, 2013 Read time: 2 mins
The Colombian government is to release funds of US$12.27 billion from the national budget for the Autopistas de la Prosperidad road programme, involving nine road concessions. Concession holders will invest US$7.4 billion into these projects; since monies from tolls will be insufficient to complete all works, the government will inject further funds of US$23.2 billion over the next decade.

Ministers have stressed the importance of this road infrastructure and the need to speed up the process. This news is significant as it will facilitate the tender for the first five concessions of Autopistas de la Prosperidad, involving 580 kilometres of motorways that will be launched on 30 September 2013. These five projects include Cordoba-Sucre, Santander-Cundinamarca-Tolima and Caldas-Risaralda, as well as a connection to northern Colombia and an Antioquia-Pacific Ocean road. Four additional concessions of 680 kilometres, including two linked to the Autopista al Mar motorway as well as the Rio Magdalena and the Caucasia concessions, are in the pre-qualification stage and will be put out to tender in December 2013 or January 2014.
Charging, Tolling & RUC

Related Content

  • Smart Spanish city trials cell-based traffic management
    November 7, 2013
    David Crawford reports on an urban electronic nervous system. The northern Spanish city of Santander – historically a port - is now an emerging technology showcase attracting global attention as a prototype for a medium-sized smart city of the future. In a move to determine the optimal use of available data, it is creating a de-facto experimental laboratory for sensor and mobile phone-based urban traffic management and environmental monitoring innovations.
    Read More
  • Brazil’s PAC 2 US$18 billion highway investment
    February 24, 2014
    Brazil has invested US$18.3bn in federal highway projects during phase two of its growth acceleration plan, PAC, according to the federal government's ninth balance report on PAC 2 works. The report, reviewing phase two's first three years (2011-13) of the four-year program, affirmed that work was carried out on 3,080 kilometres of highway stretches and highlighted various projects which were completed last year. Among them was BR-376 near southern Paraná state's Maringá city, BR-448 known as Rodovia
    Read More
  • Redflex installs the first point to point system in South Australia
    July 7, 2014
    Following the successful rollout of average speed enforcement systems on four zones of Victoria’s Peninsula Link and up to eight zones of the Hume Highway, together with 37 sites in New South Wales, Redflex has now implemented next generation average speed enforcement systems on Port Wakefield Road and Dukes Highway in South Australia. Two RedflexPoint-to-point cameras are now providing average speed enforcement on two major carriageways leading into the city of Adelaide; in both directions on the 13 kil
    Read More
  • Satellite-based truck tolling provides Slovak solution
    August 12, 2015
    Slovakia opted for a satellite-based tolling system and following last year’s enlargement it now has the European Union’s largest truck user charging system.
    Read More

Highlighted Content