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

  • Why Netflix could overcome road pricing resistance
    October 28, 2019
    As the US moves towards a national road usage charging trial, education is paramount – and subscription services like Netflix might help people understand why the money is needed, writes Bill Cramer
    Read More
  • IBTTA summit hits right notes in Salzburg
    December 5, 2018
    In the birthplace of Mozart, Colin Sowman found that delegates at the IBTTA’s inaugural World Tolling Summit were playing a variety of interesting tunes The first World Tolling Summit took place in Salzburg, Austria this autumn. Created and organised by the International Bridge Tolling and Turnpike Association (IBTTA), the event was supported by its European counterpart Asecap and hosted by Austria’s tolling authority, Asfinag. The transfer of views, experience and practice both ways across the Atl
    Read More
  • Reauthorization 2012: the facts laid bare
    September 12, 2012
    A reauthorization bill for transportation came into law in July 2012, rubber stamping federal funding increases through the 2014 financial year, among other things. The new bill presents the good, the bad and the ugly of transportation infrastructure in the US, writes Pat Jones On June 29 this year, the US House of Representatives and Senate both approved the conference report on the ‘Moving Ahead for Progress in the 21st Century Act’ or MAP-21. President Obama signed this legislation into law on July 6.
    Read More
  • New bridge over the Port of Malmö gets EU support
    December 17, 2014
    The EU's TEN-T Programme is to provide over US$1.2 million of funding to co-finance preparatory studies for the construction of a rail and road bridge over the Port of Malmö in Sweden. The new bridge will help to improve the cargo transfer at the port and improve the national rail capacity. The project is expected to have a significant impact on the national and EU rail freight capacity, since the port is closely linked to the main European (TEN-T) rail network.
    Read More

Highlighted Content