Sacyr looks to invest in Colombian road concession projects

Spanish construction firm Sacyr is set to invest around US$1.5 billion in Colombian road concession projects. The country is regarded as an ideal recipient for foreign investment. Current Sacyr projects in Colombia include a bridge costing $40.11 million (COP 80 billion), as well as the $116.79 million (COP 233 billion) road scheme between Buenaventura-Loboguerrero. The country has embarked on a major road development programme, via serious and transparent processes, according to Sacyr.
March 27, 2014 Read time: 1 min
Spanish construction firm 3959 Sacyr is set to invest around US$1.5 billion in Colombian road concession projects. The country is regarded as an ideal recipient for foreign investment. Current Sacyr projects in Colombia include a bridge costing $40.11 million (COP 80 billion), as well as the $116.79 million (COP 233 billion) road scheme between Buenaventura-Loboguerrero. The country has embarked on a major road development programme, via serious and transparent processes, according to Sacyr.
Road Structures

For more information on companies in this article

Related Content

  • Companies currently carrying out key Colombian construction contracts
    July 17, 2014
    A series of major road construction projects are underway in Colombia at present. The country’s national roads institute, Invias, is currently investing in excess of US$646 million on an array of road projects at the moment. One key project is for the construction of a new highway connecting Loboguerrero and Buenaventura. Another important project is for the construction of a new bridge connecting Buenaventura with Cascajal Island, which is due for completion in the second half of this year.
    Read More
  • US$2 billion road projects for Colombia
    December 19, 2024
    Road projects worth US$2 billion are ongoing for Colombia.
    Read More
  • Banks, builders and Colombian government discuss motorway funding plans
    January 22, 2014
    Banks, builders, pension funds and Colombian government officers are discussing plans to finance around 40 new road concessions worth a combined US$23.86 billion (COP 47 trillion). According to market reports, the winners of these concessions will cover around 25% of their final cost. These funds will be paid in the first two years of each project and the winning firms will look to recoup their investment through road tolls. Banks will cover 30% of the cost via 12-18 year loans. The national development ban
    Read More
  • Solution found for Colombian tunnel project?
    March 12, 2015
    A solution seems to have been found for Colombia’s long-running La Linea Tunnel project. Work has been delayed on the tunnel for a number of reasons and on a number of occasions, most recently due to funding issues. But previous delays were due to such diverse causes as technical challenges posed by the difficult conditions and a lack of suitable insurance cover. The Colombian Government has come to an agreement with the Segundo Centenario consortium building the tunnel that will see construction activity r
    Read More

Highlighted Content