Colombian connections boost road building

Colombia continues to invest heavily in its transport connections, with the prospect of more contracts to come.
February 23, 2012 Read time: 1 min
Colombia continues to invest heavily in its transport connections, with the prospect of more contracts to come. The Andean Development Corporation (CAF) and the 3120 Urban Development Institute have jointly produced a report that recommends building new highways to improve traffic links from capital Bogota. In all 14 new road corridors will be built to connect Bogota to the rest of the country and to help reduce congestion. The report suggests that the roads should be tolled and the deals are likely to be offered in four different concessions of 169.5km each. The construction work is expected to cost in the region of US$2.1 billion in total. Meanwhile details are also now available on the project to build the second section of the Ruta del Sol highway, which will link Puerto Salgar with San Roque. This project is expected to cost $1.26 billion with funding being supplied by seven banks. Funding for the 530km highway project will come from 1305 Odebrecht, CSS Constructores y Estudios, Proyectos del Sol, Bogota, Occidente, Popular, 3121 AV Villas, 3123 Bancolombia, 3125 Davivienda and 3127 Helm Bank. The work is due to start in the first quarter of 2011 and is due for completion in 2016.

For more information on companies in this article

Related Content

  • Vietnam: work on Phuoc Khanh cable stayed bridge to begin in August
    June 22, 2015
    Work on Vietnam’s 3.1km Phuoc Khanh cable stayed bridge will start in August after a deal was signed with the government in June. The contract was signed by the Vietnam Expressway Corporation and a consortium made up of Japanese contractor Sumitomo Mitsui and local partner Civil Engineering Construction Corporation (Cienco 4). The bridge is part of the 57km Ben Luc-Long Thanh Expressway project running through Long An Province, Ho Chi Minh City and Dong Nai province in southern Vietnam. The highway will a
    Read More
  • New highway investment for Moscow
    September 16, 2014
    A series of highway projects are either underway or being planned in Russian capital Moscow. Russian road authority Avtodor is inviting bids for construction and maintenance of the Central Ring Road's fifth start-up facility in the Moscow region. The road section will be 76km long and the concession package will be for 24 years. The maximum price of the contract has been set at US$1.14 billion. Is also opening bids for construction of the M11 Moscow-St Petersburg motorway's 208-258 km section. The project w
    Read More
  • Moscow’s first toll road is being planned
    May 21, 2013
    In Russia’s capital Moscow the finishing touches are being put to a plan to construct the city’s first tolled link. The northern relief road for Kutuzovsky prospect is expected to cost US$1.91 billion to build and will stretch a distance of 10.3km. The tender process for the concession package is being prepared at present and is expected to open for bids shortly. Once complete the new link will connect Moscow’s business centre with Molodogvardeyskaya junction. Meanwhile in the Russian city of Tula, some 193
    Read More
  • IRF World Congress: Road user charging
    October 16, 2024
    Where will the money come from to develop and maintain tomorrow’s sustainable road network, no mater in what nation? This was the focus of another session at the IRF World Congress in Istanbul of day of the three-day event.
    Read More

Highlighted Content