Colombia approves highway plan funding

Colombia has approved US$13.4 billion in funding for nine highway projects, part of a master plan to revamp and expand Latin America's fourth largest road network. All nine projects are part of the Autopistas para la Prosperidad program, which involves the construction of some 838 kilometres of two-lane highways, 63 kilometres of bridges and 90 kilometres of tunnels. The government also decided to finance directly the construction of Toyo tunnel, ruling out the concession framework for that project.
March 10, 2014 Read time: 2 mins

Colombia has approved US$13.4 billion in funding for nine highway projects, part of a master plan to revamp and expand Latin America's fourth largest road network.

All nine projects are part of the Autopistas para la Prosperidad program, which involves the construction of some 838 kilometres of two-lane highways, 63 kilometres of bridges and 90 kilometres of tunnels.

The government also decided to finance directly the construction of Toyo tunnel, ruling out the concession framework for that project.

"Nine projects have been approved, eight of them will be under a public-private partnership and one will be entirely financed by the state," president Juan Manuel Santos said in a public speech in western Antioquia department.

Conexión Norte, a US$500 million, 146 kilometre highway in north-west Colombia is scheduled to be awarded in the first quarter. In the second quarter, national infrastructure agency ANI will name the winners in the tenders for Conexión Pacífico 1, Río Magdalena 2 and Conexión Pacífico 3, among other projects, for more than US$2.5 billion.

Río Magdalena 1, Autopista al Mar 1 and Autopista al Mar 2 are planned to be awarded in the third quarter for US$2.66 billion.

Colombia plans to award at least 25 highway projects in 2014 under a US$21 billion plan dubbed 4G. 

Related Content

  • EU hopes for private investment in planned €1.77 trillion infrastructure spending
    March 28, 2012
    Securing sufficient funding to complete truly European infrastructure projects is the major challenge lying ahead of EP's three co-rapporteurs on the Commission's proposal of a new funding instrument for Trans European transport, energy and ICT networks. The first joint meeting of TRAN and ITRE members to discuss the Connecting Europe Facility (CEF) took place on yesterday. TRAN-members Dominique Riquet (France) and Inés Ayala-Sender (Spain), and Adina Ioana Valean (Romania) from the committee for Industry,
    Read More
  • WA government announces major cycle infrastructure investment
    September 5, 2017
    The Western Australia Government to provide an investment of US$103 million (AU$129 million) over the next four years for improvements across the State's cycling network. The funding will allow at least 95 kilometres of cycling path to be added to the network, as well as a range of community cycling initiatives. It includes US$44 million (AU$55 million) towards filling gaps on the current Principal Shared Path (PSP) network around Perth and US$23 million (AU$29 million) in grants for local governments.
    Read More
  • No in-road equipment for Queensland's free flow toll bridge
    February 1, 2012
    By May this year, the new Gateway Bridge in Brisbane, which is being built alongside an existing bridge, will be open. With it will come an end-to-end free-flow tolling system. Interview with Sue Caelers, Queensland Motorway Ltd. Queensland Motorways Ltd owns and operates 61km of roadway in the area around Brisbane, Australia. This includes the Gateway Bridge and the Gateway Extension, Logan and Port of Brisbane motorways.
    Read More
  • New Zealand to invest in state highways, major road projects
    May 25, 2017
    The New Zealand Government is to invest US$6.4 billion (NZ$9.17 billion) into New Zealand’s state highway network over the next four years through the New Zealand Transport Agency, Transport Minister Simon Bridges says. The government’s 2017 budget includes funding for the reinstatement of damaged sections of State Highway 1 between Picton and Christchurch following the Kaikōura earthquakes. It also includes many other key projects such as completion of Auckland’s ring road, Northern and Southern Corridor S
    Read More

Highlighted Content