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

  • Progressing work zone safety systems
    February 1, 2012
    David Crawford investigates progress in a key safety area - work zones. Highway construction zone safety is taken seriously enough in the US to merit a special spring National Work Zone Awareness Week, which in 2010 ran from 19-23 April. Headed by the US Department of Transportation's Federal Highway Administration (FHWA), this aims to reduce an annual toll of work zone deaths - 720 in 2008 (an average of one every 10 hours) with more than 40,000 traffic injuries (an average of one every 13 minutes).
    Read More
  • Progressing work zone safety systems
    February 6, 2012
    David Crawford investigates progress in a key safety area - work zones
    Read More
  • Latin America ‘needs major investment in mass transit’
    June 10, 2014
    Latin America needs to invest heavily in mass transport services to improve living standards in urban areas, according to Norman Anderson, CEO of US-based consulting firm CG/LA Infrastructure. "Unless there is mobility, it's hard to imagine cities being successful, cities being creative, so one of the things we emphasised, and we think is really important, is the whole mobility issue," Anderson said in an interview. In its most recent report on strategic infrastructure projects in Latin America, CG/L
    Read More
  • New USDOT report points to need for more investment in highways, transit
    March 3, 2014
    US Transportation Secretary Anthony Foxx has announced that a new report on the state of America's transportation infrastructure, 2013 Status of the Nation's Highways, Bridges and Transit: Conditions and Performance, confirms that more investment is needed to maintain and improve the nation's highway and transit systems. Last month, Secretary Foxx highlighted the need for transportation investment in a speech that took aim at America’s infrastructure deficit and identified ways to use innovation and improv
    Read More

Highlighted Content