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.

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