Colombia motorway projects worth US$4.45bn up for tender

A series of four motorway projects in Colombia, known as the Autopistas de la Prosperidad, covering 844km and costing US$4.45 billion (COP 8tn), will be put out to tender from 11 April 2013. As well as the high profile road schemes, due to be awarded in October 2013, the government has also announced that a programme to boost national growth and productivity will be implemented. The Colombian financial budget for 2013 has been adjusted, signifying a $1 billion drop in foreign loans, while efforts will be ma
March 15, 2013 Read time: 1 min
A series of four motorway projects in Colombia, known as the Autopistas de la Prosperidad, covering 844km and costing US$4.45 billion (COP 8tn), will be put out to tender from 11 April 2013.

As well as the high profile road schemes, due to be awarded in October 2013, the government has also announced that a programme to boost national growth and productivity will be implemented.

The Colombian financial budget for 2013 has been adjusted, signifying a $1 billion drop in foreign loans, while efforts will be made to prioritise debt operations in local currency for state-owned oil firm Ecopetrol and its investment plans. The Colombian government is also reportedly striving to reduce the amount of US dollars brought into the local economy, via policies and measures. Investor confidence in Colombia is said to be strong.

Related Content

  • Autopistas de la Prosperidad, Colombia contracts out to tender
    April 12, 2013
    The first five sections of Colombia’s Autopistas de la Prosperidad have been put out to tender. The contracts, worth a combined US$3.52 billion (COP 6.4tn), will be awarded in November 2013. Overall, all nine sections of Autopistas de la Prosperidad are estimated to cost COP 13tn. The four remaining sections will go under the hammer in September 2013.
    Read More
  • Colombia’s infrastructure development
    December 5, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • Colombia’s popular highway tenders
    April 7, 2014
    International interest is strong in tenders opening in Colombia for the construction and management of 1,146km worth of highways. These form part of a package for 10 projects known as Autopistas para la Prosperidad, worth some US$4.75 billion in all. OHL has expressed an interest in the Autopista al Mar 2 and Autopista al Rio Magdalena 1 highway projects, which have been valued at around $1.9 billion.
    Read More
  • Colombia’s infrastructure development
    December 2, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More

Highlighted Content