Skip to main content

New Colombian highway planned

A new Colombian highway project is being planned.
By MJ Woof July 27, 2020 Read time: 1 min
Colombia is planning a major new highway project - image © courtesy of Wollertz, Dreamstime.com

A new high link is being planned in Colombia. The proposed route will run some 1,490km, linking Valle del Cauca, Tolima, Vichada and Meta.

Given its length, it is no surprise that the project will be costly. The work comes with the estimated price tag of US$8.24 billion.

However, building the route is expected to provide an economic boost to agriculture and transport, outweighing the cost of its construction. The payback time in terms of more jobs and improved economic activity is expected to be comparatively rapid.

Related Content

  • Safety risk if construction projects speed up
    February 27, 2012
    Many governments worldwide are using investment in infrastructure as a means to help tackle the current economic conditions. New highway construction, widening and repair contracts as well as bridge and tunnel projects that had been planned, are now being accelerated to help the industry and provide construction jobs.
  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
  • New highway for Colombia with financing secured
    July 22, 2019
    A finance package has been secured for Colombia’s Pasto-Rumichaca fourth generation (4G) road project. A loan package worth US$$593.6 million from a series of backers will underscore the project. These are; the Overseas Private Investment Corporation (OPIC), Spain's credit institute Instituto de Credito Oficial (ICO), JP Morgan, MetLife, Banco Santander, Sumitomo Mitsui Banking, Mitsubishi UFJ Financial Group, Credit Agricole, and Bank of China. The project is for work to an 83km section of the route, incl
  • New highway projects in China
    April 28, 2023
    New highway projects are now underway in China.