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

  • Abu Dhabi seeks safe and efficient multi-modal ITS solutions
    December 17, 2014
    Abu Dhabi’s Department of Transport is planning to roll out its second phase ITS Strategy and Action Plan through to 2019 which will deploy a host of innovative multimodal ITS solutions. The United Arab Emirates (UAE) is continuing to experience rapid growth in both its economy and population and none more so than its capital, Abu Dhabi. To cope with the current expansion, and in anticipation of future growth, the Abu Dhabi Surface Transport Master Plan has been devised by its Department of Transport and th
    Read More
  • Pennsylvania Turnpike, I-95 connection approved
    January 28, 2014
    The long-awaited US$420 million direct connection between I-95 and the Pennsylvania Turnpike has moved closer to reality with the approval of a US$155 million section of the work. The Delaware Valley Regional Planning Commission has approved one section at a cost of US$155 million to allow the work to start in June, with completion targeted for 2018. The project will open to tender on 24 April 2014 and will involve widening and reconstructing about four miles of the turnpike where the connection with I-
    Read More
  • Nearly 59,000 US bridges still structurally deficient, new analysis finds
    February 19, 2016
    According to the US Department of Transportation's recently-released 2015 National Bridge Inventory database, there were 2,574 fewer structurally deficient bridges in 2015 compared to the number in 2014. However, there are still 58,500 on the structurally deficient list and at the current pace of bridge investment it would take at least 21 years before they were all replaced or upgraded. The American Road & Transportation Builders Association (ARTBA), which conducts an annual review of state bridge da
    Read More
  • EU funding for French metro line
    November 16, 2015
    French investment firm Caisse des dépôts is to provide US$107 million of financing for the construction of line B of the Rennes metro. The European Investment Bank has already provided a loan of US$321 million for the project, which will contribute to the construction of a second metro line by 2019, linking the La Courrouze eco-district to the ViaSilva eco-suburb, along with the purchase of rolling stock, a new maintenance and sidings centre and three park-and-ride facilities. The construction of the
    Read More

Highlighted Content