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

  • Serbia reduces cost of highway construction
    March 22, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget.
    Read More
  • Texas highway project awarded
    May 31, 2019
    A joint venture team has been awarded the US$1.7 billion I-635 LBJ East infrastructure project in Dallas, Texas. Fluor Corporation heads the joint venture, which also includes Balfour Beatty Infrastructure. The partners will carry out the contract to design and construct the I-635 LBJ East Project in Dallas for the Texas Department of Transportation (TxDOT). The scope of work includes the widening and full reconstruction of nearly 18km of the I-635 route, which is also known as LBJ Freeway. In addition, th
    Read More
  • Approval for Moscow’s ring road reconstruction
    October 15, 2015
    Moscow’s ring road is due for rebuilding – Eugene Gerden writes. The Moscow city authorities have finalised the project of the reconstruction of the Moscow Ring Road. The ring road encircles the City of Moscow and the plan was announced by Marat Khusnullin, deputy mayor of the city. Khusnullin said that, to date, the Moscow city government has completed 90% of the design documentation of the project.
    Read More
  • Colombia: more money for Toyo Tunnel Project
    April 4, 2024
    The Toyo Tunnel Project – the Guillermo Gaviria Echeverri Tunnel Project - covers 18.3km including new roads and is under construction by Consorcio Antioquia al Mar.
    Read More

Highlighted Content