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

  • Mexico’s Durango-Mazatlan highway sets tunnel safety standard
    September 14, 2016
    Mauro Nogarin looks at the management of the longer tunnels on Mexico’s Durango-Mazatlan highway. In recent years the National Infrastructure Fund of Mexico has increased investment in the installation of ITS systems on selected highways to increase road safety. One such major investment is the 230km long Durango-Mazatlan highway which is 12m in width and has an average speed of 110km/h.
    Read More
  • Telvent relocates and takes a global stance on ITS
    March 12, 2012
    Telvent's Manuel Sanchez Ortega, on relocating the company's headquarters to the US and how that fits in the international scheme of things. The change-of-address cards are in the post; Manuel Sanchez Ortega has just moved homes. The domestic upheaval of Telvent's Chairman and Chief Executive comes as a result of the decision to relocate many of the company's headquarter functions from Madrid to Rockville, Maryland in the US. Viewed in the context of its significant recent acquisitions in North America - am
    Read More
  • US closer to finalising a new reauthorisation bill
    January 25, 2012
    Pete Goldin talks with ITS America about the continuing efforts of US Congress to finalise a transportation reauthorisation bill and how this will impact the ITS industry
    Read More
  • Romanian rail line to be modernised
    December 6, 2013
    Romanian state railway company CFR SA has awarded a contract worth US$519 million to a consortium including Strabag for the modernisation of the 42.2 kilometre long railway section between Vințu de Jos and Simeria in western Romania near the city of Sibiu. The modernisation works comprise the renovation of the railway section, including five stations located outside of the densely populated residential areas, rerouting of the track, tunnelling and bridge building as well as the track bed structure. In t
    Read More

Highlighted Content