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

  • Brazilian loan for Bolivian road
    February 8, 2012
    A US$332 million loan from Brazil will help build a highway between Villa Tunari and San Ignacio de Moxos in Bolivia. The project will cost over $1 million/km while the 306km highway will cost $415 million and the new link will be built by Brazilian firm OAS.
    Read More
  • Construction of the Gordie Howe Bridge could start in mid-2018
    May 12, 2017
    Construction of the US$2.1 billion Gordie Howe International Bridge is expected to start in late 2018, according to the authority in charge of the project. Preliminary early works on bridge – the second to span the Detroit River ? between Detroit, Michigan in the US and Windsor, in the Canadian province of Ontario have started. A main contractor is likely to be appointed by mid next year. The first phase of early works has focused on fill placement, construction of a perimeter access road and minor utility
    Read More
  • Construction of the Gordie Howe Bridge could start in mid-2018
    May 12, 2017
    Construction of the US$2.1 billion Gordie Howe International Bridge is expected to start in late 2018, according to the authority in charge of the project. Preliminary early works on bridge – the second to span the Detroit River ? between Detroit, Michigan in the US and Windsor, in the Canadian province of Ontario have started. A main contractor is likely to be appointed by mid next year. The first phase of early works has focused on fill placement, construction of a perimeter access road and minor utility
    Read More
  • Peru's capital road revamp
    February 15, 2012
    The new Via Parque Rimac road project in Peruvian city Lima is expected to cost some US$700 million. The city authorities plan to merge the Linea Amarilla express way project with the Rio Verde project, a development that comes after an agreement with Linea Amarilla (Lamsac), which is building the Linea Amarilla.
    Read More

Highlighted Content