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

  • Strategic road deals across India
    April 17, 2012
    A series of key highway projects will help transform India’s internal links as well as its connections to neighbouring nations. A new US$1.2 billion highway in India running through Ahmedabad-Udaipur-Kishangarh through the states of Gujarat and Rajasthan is attracting strong interest. So far 11 bids have been made including offers from a consortium comprising Belford-GVK, Soma-Isolux, Vince-Hindustan Construction, IRB Infrastructure (IRB)-Reliance Infra and Plus-Nagarjuna Construction. Other bidders include
    Read More
  • IBTTA applauds Administration’s proposal to lift ban on interstate tolling
    May 1, 2014
    The International Bridge, Tunnel and Turnpike Association (IBTTA) has applauded the Obama Administration for including language in its surface transportation reauthorisation proposal, the Grow America Act, released earlier today that would ‘eliminate the prohibition on tolling existing free Interstate highways.’
    Read More
  • Brazil to invest US$16 billion in Río Olympics
    April 23, 2014
    Officials in Brazil have estimated the total cost of infrastructure and works related to the 2016 Summer Olympics in Rio de Janiero to be US$16.3, with 60 per cent of the funds coming from private investors. Some US$2.5 billion of the overall budget would be spent on projects exclusively directed to the event, Agência Brasil reports. Río de Janeiro city itself will invest US$6.3 billion in fourteen projects, including light rail transit and bus rapid transit projects, as well as drainage works in the
    Read More
  • Colombian highway sees ITS tested to the extreme
    November 13, 2014
    One of the most challenging road construction and ITS projects currently underway is the upgrading of the road from Bogota to Villavicencio. Currently it takes four hours to make the 86km journey between Bogota and Villavicencio using the existing single lane in each direction road which passes through some very challenging terrain. It is the only ground connection between central Colombia and the eastern region which represents 40% of the country’s territory.
    Read More

Highlighted Content