Skip to main content

Colombia contract for construction consortium

Construction work to widen the Autopista Norte highway in Colombia is being handled by the Accenorte consortium. The work involves widening a 4.2km stretch of the highway, which lies to the north of Colombia’s capital Bogota. The project is worth close to US$157 million, with the majority of the funding being delivered by the consortium partners and the remainder from a Colombian Bank. The consortium is led by Mincivil with a 57.43% stake. It also includes Universal with a 16.7% share, Castro Tcherassi with
December 15, 2016 Read time: 2 mins
Construction work to widen the Autopista Norte highway in Colombia is being handled by the Accenorte consortium. The work involves widening a 4.2km stretch of the highway, which lies to the north of Colombia’s capital Bogota. The project is worth close to US$157 million, with the majority of the funding being delivered by the consortium partners and the remainder from a Colombian Bank. The consortium is led by Mincivil with a 57.43% stake. It also includes Universal with a 16.7% share, Castro Tcherassi with a 13.81% share, Civilia with a 7.05% share, Integra de Colombia with a 4.84% share and Ofinsa Inversiones with a 0.27% share. The project was awarded by Colombia's National Infrastructure Agency (ANI).

The project involves widening the highway so that it features five lanes in either direction. This will allow it to better handle both the current and future traffic volumes and should cut journey times between Bogota and La Caro from 50 minutes at present to just 25 minutes when the work is complete in 2021. The capacity on this stretch is currently not sufficient and the highway suffers heavy congestion at peak periods. The project also includes building a dual carriageway stretch on Carrera Septima as well as constructing facilities for cyclists and pedestrians.

Related Content

  • Bancolombia boosts its investment in Colombia 4G road projects
    August 4, 2016
    Bancolombia has the largest involvement of all Colombia’s banks in the country’s 4G Road Programme after financial close of the Autopista Norte motorway project. The bank has around US$390 million invested in four out of five 4G road development projects that have secured the necessary funding so far, according to a report in Portafolio, an on-line economic magazine. The 145km Autopista Norte route connects the Caribbean port of Cartagena to the capital Bogota by way of the Ruta del Sol motorway, a 1,
  • Plan to complete Colombian tunnel project
    December 1, 2014
    In Colombia plans are underway to try and revive the project to construct the La Linea tunnel. The project has been beset with problems since work commenced. Problems have included insufficient funding, unexpectedly poor ground conditions and some firms involved having the wrong kind of insurance. The Segundo Centenario consortium is building the La Linea tunnel and is keen for this to continue. The new plan involves the incorporation of local firm Construcciones e Inversiones Beta, which would acquire a 40
  • Colombia tunnel construction contract commencing
    February 5, 2018
    Driving work has commenced for Colombia’s Toro Tunnel project. The tunnel will measure 9.8km long and is located in Colombia’s Antioquia Department, with the completion expected in 2022. The project is costing US$650.5 million and the link is intended to provide a link between the Autopista al Mar 1 and Autopista al Mar 2 highways. When complete the tunnel will also cut the travel time between Medellin and Uraba to four hours.
  • Two consortia bid for US$924.84mn Colombia highway concession
    April 17, 2014
    Two consortia have bid for Colombia's US$924.84 million (COP 1.79 trillion) Conexión Pacífico 1 highway concession, the first project under the Autopistas para la Prosperidad program and part of the country's fourth generation (4G) of concessions. There were 10 prequalified consortia and the two to submit bids were Autopista Conexión Pacífico I, comprised of local firm Estudios y Proyectos del Sol (Episol) and Spain's Iridium, and Infraestructura Vial de Colombia, comprised of Colombian firms Carlos Albe