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

  • Solving Sao Paulo's traffic congestion problems
    July 10, 2012
    The Brazilian city of Sao Paulo suffers a heavily congested road network. Huge traffic jams up to 100km long are common and can be even 200km long in bad weather or at weekends and holidays. Of the 1.1 million vehicles that drive into Sao Paulo every day, almost a third are passing through and the new Rodoanel Mario Covas orbital route is intended to tackle the problem. This is a 170km long highway around the city that will connect the 10 highways linking Sao Paulo and allow many vehicles to avoid the conge
    Read More
  • Funding for key Russian highway projects
    May 10, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe
    Read More
  • ANI to auction 13 Colombian road projects in H1 2014
    September 24, 2013
    Colombia's national infrastructure agency ANI will auction 13 road projects with a combined value of more than US$7.87 billion (COP 15 trillion) in H1 2014, out of 40 planned. Nine of the scheduled auction projects have gone through the pre-qualification stage and will be definitely awarded in the first quarter of next year. In total, all 40 projects will involve investments of COP 47tn. The plan is to improve 8,000kms of roads in the country.
    Read More
  • India’s longest road tunnel continues apace with Atlas Copco support
    May 20, 2014
    The challenging construction of India’s largest road tunnel is part of a vital US$500 million project aiming to connect the isolated northern state of Jammu and Kashmir with the rest of the vast and highly populated country. Guy Woodford reports Travelling on National Highway 1A (NH 1A) in northern India should be the dictionary definition of ordeal. The single lane, narrow and winding road crosses some of the steepest, most treacherous terrain on the planet. The arduous route becomes especially difficult t
    Read More

Highlighted Content