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

  • Emovis expands e-tolling in Puerto Rico
    July 11, 2024
    Contract with Metropistas builds on work which started in US territory in 2015
    Read More
  • Work begins on Auckland, New Zealand motorway project
    December 9, 2016
    Work has begun on new US$509 million (NZ$709.5 million) motorway in New Zealand, extending from Puhoi, approximately 50 km north of Auckland, to Warkworth, a distance of 18.5 kilometres. The project is New Zealand’s second Public Private Partnership (PPP) for a state highway and will be delivered by the Northern Express Group, which will finance, design, construct, manage and maintain the motorway for the 25 years that will follow the expected five year period to build the motorway. Full ownership of the
    Read More
  • MoDOT launches guide to transportation funding
    December 15, 2016
    In an effort to inform Missourians on the current status and future direction of their transportation system, Missouri Department of Transportation (MoDOT) has issued the Citizen’s Guide to Transportation Funding to explain where the money comes from and where it is spent. It also includes a calculator so people can figure out their monthly costs for transportation taxes and fees. Missouri ranks 47th nationally in revenue per mile, primarily because it has the nation’s seventh largest road system with 33
    Read More
  • IBTTA calls on Congress to repeal regulation on tolling interstate highways
    May 24, 2017
    The White House has released President Trump’s fiscal year 2018 budget, including a US$200 billion investment in infrastructure projects over the next 10 years with a focus on leveraging the power of public private partnerships. The International Bridge, Tunnel and Turnpike Association (IBTTA) has responded, saying the government should repeal the burden of regulation and give states maximum flexibility to use financing tools to meet their local needs. 35 states and territories throughout the country have u
    Read More

Highlighted Content