Colombia’s La Linea tunnel seeing funding solution?

The Colombian Government is keen to retart work on the important La Linea Tunnel link. The project has been delayed for a number of reasons and on a number of occasions since it was first envisaged. Engineering firm Valores y Contratos (Valorcon) has now been suggested as a likely candidate to become a strategic partner to join the Union Temporal Segundo Centenario joint venture that will carry out the La Linea tunnel scheme. Valorcon would provide sufficient cash flow US$68 million, either directly or thro
October 22, 2014 Read time: 2 mins
The Colombian Government is keen to retart work on the important La Linea Tunnel link. The project has been delayed for a number of reasons and on a number of occasions since it was first envisaged. Engineering firm Valores y Contratos (Valorcon) has now been suggested as a likely candidate to become a strategic partner to join the Union Temporal Segundo Centenario joint venture that will carry out the La Linea tunnel scheme. Valorcon would provide sufficient cash flow US$68 million, either directly or through loans, to allow the work to be completed in 14 months. The tunnel is needed to carry the growing number of vehicles using an existing route, which is narrow and twisting. The tunnel would help boost safety and capacity, as well as being better able to cope with the heavy truck traffic on the route.
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