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

  • Full analysis: Massive US EV infrastructure plan
    February 21, 2023
    The White House has announced a huge financial boost, new standards, and major progress for a made-in-America national network of EV chargers to support the future of US EV charging
    Read More
  • Interoperability: towards the new frontier
    October 22, 2018
    After six years of intensive research, testing and negotiation, the US tolling industry is well on its way to groundbreaking results in the effort to establish regional - and eventually national - toll interoperability, says IBTTA’s Bill Cramer. Interoperability has been a high priority on the US tolling industry’s agenda for more than a decade. But several factors made it a uniquely complex issue to resolve - including the number of agencies involved, the significant investments those agencies had already
    Read More
  • US 511 system, the future of traveller information?
    April 23, 2013
    What started out at the turn of the millenium as a simple dial-up travel information service has grown out of all recognition in the digital age. Pete Goldin surveys the development to date of the US 511 traveller information system. In a little over a decade, 511 has gone from its original intent – a collection of recorded messages accessible via phone for pre-trip planning – to a network of dynamic traveller information services provided by states and cities throughout the US, offering access to a wide v
    Read More
  • Substantial demand ‘underscores need for TIGER grants’
    August 3, 2015
    US Transportation Secretary Anthony Foxx has announced that applications to the US Department of Transportation (DOT) for its seventh round of Transportation Investment Generating Economic Recovery (TIGER) grants totalled US$9.8 billion, almost 20 times the US$500 million set aside for the program, demonstrating the continued need for transportation investment nationwide. Among the 625 applications for grants received this year, 60 per cent are road projects, 18 per cent are transit projects, and eight p
    Read More

Highlighted Content