Colombian project discord

Colombia's National Department of Planning (DNP) has rejected a series of road projects worth US$1.52 billion in 2009.
February 24, 2012 Read time: 2 mins
RSS3213 Colombia's National Planning Department (DNP) has rejected a series of road projects worth US$1.52 billion in 2009. Meanwhile, the Colombian institute for concessions, 1314 INCO, has delayed the tenders for the construction of the third stretch of the Ruta del Sol highway and the first section of the Autopistas de las Americas highway for the third time. The DNP has said that there are currently no formal requests for infrastructure projects in the country. A number of road projects were not granted in 2009 because they did not meet the necessary criteria nor could public resources be justified for certain schemes. Infrastructure projects must be deemed a priority for Colombia or they must come under the National Development Plan, before resources can be awarded. Studies are being undertaken by the Colombian authorities and other schemes could emerge. The DNP has been working with Proexport, a state-run entity which promotes foreign investment in Colombia, to attract foreign investors for infrastructure schemes. Inco's delaying move followed warnings that companies involved in the Ruta del Sol and Autopistas de las Americas highways have to provide credit details. The tender does not state that the loans must be used for these two road projects. 3222 CSS Constructores, 3215 Constructora Colpatria, 3214 Odinsa, 1305 Odebrecht, 1511 OAS, 980 OHL and 2482 SNC Lavalin number amongst those interested in the projects. Some of the participants have expressed concern although the Colombian officials say that there will be no further delays.

Related Content

  • How Florida paved the way for availability payments in the US
    November 21, 2014
    New financing models have been used to deliver key transport links in the US - * Patrick D Harder and Brandon J Davis Florida Department of Transportation’s (FDOT) public-private partnership (PPP) programme has made impressive progress, setting precedents for US transportation planning and funding. On March 26th 2014, FDOT opened 16km of new reversible express lanes as part of its US$1.8 billion I-595 Corridor Roadway Improvements Project. Just a few months later, on August 3rd 2014, FDOT opened twin tunnel
    Read More
  • Highway Procurement: IRF Steps up to the plate to leverage long term value
    May 15, 2019
    Public procurement can be leveraged to deliver long-term value for money, and promote innovation and sustainability, according to a new White Paper published by the International Road Federation in consultation with key international specialists. “When procurement guidelines are not enforced with a high degree of professionalism, there is a much higher risk of sub-optimal delivery,” noted Eric Cook, co-chair of the IRF Committee on Alternative Financing & Procurement, who convened the stakeholders for a h
    Read More
  • Chile highway construction works planned
    May 12, 2017
    The Chilean Government is planning a series of major highway projects with the Ministry of Public Works (MOP) managing the works. The plans call for 14 concessions worth a total of US$3.74 billion to be awarded by January 2018. The second stage of Americo Vespucio Oriente highway (AVO 2) is costing $800 million and is a priority project. This has been delayed already and opening of the route is now expected for 2022. Five regional highways are also opening for tender, including the Ruta G-21 road link, whic
    Read More
  • IRF-Washington to host Third Latin America Regional Congress
    May 28, 2012
    IRF will host the Third Latin America Regional Congress at the Crowne Plaza Tequendama Hotel in Bogotá, Colombia, from 8-11 November 2010 with the support of Colombia's Highway Safety Prevention Fund, the Inter-American Development Bank, the Colombian Ministry of Transport, the National Institute of Concessions, the National Highway Institute, and the Mobility Department of the City of Bogotá. The Congress will feature direct participation by leading local and regional decision-makers, including notably Ger
    Read More

Highlighted Content