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

  • Highway developments in India
    February 23, 2012
    A major highway deal has been agreed for a road project in Gujarat, India, worth an estimated US$810.8 million. It will be handled under the build, finance, operate and transfer basis and will involve upgrading and widening to six lanes a 102km section of National Highway 8 (NH-8) from Ahmedabad-Vadodara. The project also includes upgrading 92km of the existing Ahmedabad-Vadodara expressway. Work is expected to take three years to complete, and the 25-year concession deal for the project has been agreed bet
    Read More
  • Highway developments in India
    April 10, 2012
    A major highway deal has been agreed for a road project in Gujarat, India, worth an estimated US$810.8 million. It will be handled under the build, finance, operate and transfer basis and will involve upgrading and widening to six lanes a 102km section of National Highway 8 (NH-8) from Ahmedabad-Vadodara. The project also includes upgrading 92km of the existing Ahmedabad-Vadodara expressway. Work is expected to take three years to complete, and the 25-year concession deal for the project has been a
    Read More
  • Private consortium to finance Melbourne's Peninsula Link highway
    July 13, 2012
    Not long after the recent completion of the successful EastLink project (a 39km motorway providing a vital connection for 1.5 million people in Melbourne, Australia) the Victorian Government has started work on another missing link in Melbourne's freeway network further south with the construction of Peninsula Link. Peninsula Link is a key project in the Victorian Government's AUD$38 billion (US$32 billion) Victorian Transport Plan. With a AUD$750 million (US$630 million) price tag, the project is expected
    Read More
  • Tackling India’s road safety will reduce crash rate
    February 19, 2013
    India’s road safety record is the world’s worst but there are plans to tackle the problems. Patrick Smith reports from New Delhi. A speeded up video of a short section of road in the Indian capital Delhi was followed by a question. “How many infringements did you count in that 25-second clip on a typical day in Delhi,” asked Dr Rohit Baluja, a question that brought understandable silence. It equated to hundreds of millions of infringements each year, said Dr Baluja, president, Institute of Road Traffic Educ
    Read More

Highlighted Content