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

  • Gothenburg’s year of congestion charging
    April 9, 2014
    A year after it went live, Colin Sowman examines the technology used for Gothenburg’s congestion charging system and the effect the scheme has had on commuters. When it comes to long-term planning, the Scandinavians take some beating.The West Swedish Agreement is a case in point. Introduced in 2009, the Agreement runs through to around 2027 and aims to create an attractive, sustainable and growing region, and over that timescale the number of journeys is expected to increase by a third. Therefore the Agreem
    Read More
  • Emissions reductions targets to have major impact on transport
    October 28, 2015
    As bold moves aimed at reducing greenhouse gas emissions have been introduced in California, David Crawford looks at the ramifications for transportation. California Governor Jerry Brown’s recent dramatic raising of the bar on emissions reduction policy for the state has won him praise from Japan, Australia, Europe and the secretariat of the critical UN conference on climate change being held in Paris in November/December 2015. His April 2015 executive order aimed at bringing emissions to 40% below 1990 lev
    Read More
  • IBTTA 2013 Toll Excellence award winners announced
    June 4, 2013
    The International Bridge, Tunnel and Turnpike Association (IBTTA), the worldwide transportation association has announced the winners of its 2013 Toll Excellence Award competition that recognises excellence, innovation and achievement in the tolling industry. “This year’s submissions were particularly innovative,” said Patrick D. Jones, executive director and CEO of IBTTA. “There were many great examples of operations, technology, customer service and social responsibility, which made it difficult for our j
    Read More
  • Strabag consortium to build section of S5 expressway in Poland
    August 6, 2014
    A consortium consisting of Strabag subsidiary Heilit+Woerner and Budimex is to build a 48 kilometre section of the S5 expressway between Poznań and Wrocław in Poland. Work on the US$185 million project is due to begin in around four weeks and is expected to last 30 months. Completion and commissioning of the new section are scheduled for 2017.
    Read More

Highlighted Content