Colombian deals

The Colombian authorities are agreeing terms with the Colombian electricity transmission company Interconexion Electrica (ISA) for the Autopistas de la Montana highway project. The Bogota-Villavicencio highway was also awarded although other infrastructure projects are still awaiting approval.
February 7, 2012 Read time: 2 mins
RSSThe Colombian authorities are agreeing terms with the Colombian electricity transmission company Interconexion Electrica (1311 ISA) for the Autopistas de la Montana highway project. The Bogota-Villavicencio highway was also awarded although other infrastructure projects are still awaiting approval. Contracts in 2010 for the Colombia's Ministry of Transport (Mintransporte) are estimated to be worth US$9.07 billion, which will be released within a seven year period. The third section of the Ruta del Sol will be launched by the end of the first quarter in 2010 and the project should be awarded to a company in June 2010. Meanwhile, the Colombian institute for concessions, 1314 INCO, has awarded another road project, worth $40.3 million to Grupo Nule. This comes in spite of concerns over delays in current works carried out by the holding. The additional road project for the Bogota-Girardot highway (operated by Grupo Nule subsidiaries MNV and Gas Kpital) involves interchanges in Soacha municipality, Cundinamarca. This consortium has asked the government on several occasions whether it can build the Autopista Longitudinal de Occidente (ALO) road in Bogota, claiming that it will alleviate traffic issues on the Sur (or southern) highway leading to Buenaventura.

The Colombian authorities are putting several large-scale infrastructure projects out to tender. These include the third stage of the Ruta del Sol highway, which will run from San Roque, Cesar, to the Y of Cienaga, Magdalena. The 1317 Colombian Ministry of Transport looks likely to boost the value of the work from US$954.19 million to $1.155 billion. Tender documents are also being prepared for Las Americas highway, a project valued at around $4 billion. The contract may be awarded in the first half of 2010 and is likely to require a 45 year period to recoup the original investment.

For more information on companies in this article

Related Content

  • Tunnel for Colombia’s Calarca – Cajamarca Highway
    May 23, 2014
    A new tunnel is forming an important link for a major Colombian highway - Mauro Nogarin reports Work on a major highway project is underway in Colombia, forming part of the Bogota-Buenaventura Corridor. The highway has a length of 503km and is located in central Colombia, connecting the departments of Tolima and Quindio, across the central Andes, with a total cost of around US$330 million. A key section of the project consists of building a unidirectional tunnel of approximately 8.65km in length. Anot
    Read More
  • Gateway WA Alliance agree costs for Perth Airport road project
    August 7, 2013
    Gateway WA Alliance consortium, led by Leighton Contractors, has reached agreement with Main Roads WA on the price, scope and construction methodology for the US$896.07 million (AUD1 billion) Gateway WA Perth Airport and Freight Access Project. The Contract Cost Target agreed with Main Roads WA is valued at $805.56 million (AUD899 million) of which Leighton Contractors has a 68% share. The Gateway WA Alliance includes Leighton Contractors and partners Georgiou, GHD, AECOM, and BG&E. It was awarded the Perth
    Read More
  • Major Central American infrastructure projects
    February 23, 2012
    Mexico and Central America are home to some of the world's most spectacular infrastructure projects as Patrick Smith reports
    Read More
  • Colombia’s infrastructure development
    December 5, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More

Highlighted Content