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

  • August 23, 2016
    Asecap debates the future of tolling
    Colin Sowman reports form Asecap’s Study & Information Days event in Madrid. At Asecap’s (the Association of European Toll Road Operators) recent Study and Information Days event there was no doubt about the subject at the top of the agenda: the European Union Directive 23/2014/EU. This will introduce fundamental changes to the concession model under which Asecap members operate more than 50,000km of tolled highways and, in response, it has compiled a report entitled Proposal for a Sustainable Concession Mo
    Read More
  • March 18, 2015
    Cost of northern Colombia rail line US$1 billion says study
    It would cost nearly US$1 billion to build a 260 kilometre rail line connecting cities in northern Colombia, according to a study by the Universidad del Norte in Barranquilla. The proposed rail corridor would link Santa Marta, Barranquilla and Cartagena, which are home to the three biggest ports on the country's Caribbean coast. The train would function as a mixed service line, transporting passengers as well as cargo. "Some details need to be worked out regarding funding sources, which depends more on the
    Read More
  • July 26, 2013
    Qatar invests $70 billion to pave the way to world beating transportation
    Eng. Zeina Nazer looks at what Qatar’s recently-announced investment in transport infrastructure will mean on the ground. Qatar is experiencing a rapid economic and industrial growth. This growth is characterised by a rapid population increase and by the urgent need towards the development of both infrastructure projects and major transport projects. In order to handle this rate of development within Qatar, Public Works Authority (Ashghal) is developing a fully-integrated multimodal transportation system in
    Read More
  • September 17, 2013
    Tenders in for Brazil’s highways
    Brazil's national ground transport agency Agência Nacional de Transportes Terrestres (ANTT) has received eight bids for its US$1.34 billion BR-050 federal highway concession between the states of Goiás and Minas Gerais. The thirty-year concession involves the construction of the BR-050 highway, including restoration, maintenance, road widening and other improvements to provide a 437 kilometre highway along the Minas Gerais and São Paulo border, with six toll booths.
    Read More

Highlighted Content