Contract for major Colombia tunnel project

Bidding has been closed for the contract to construct the Toyo Tunnel in Colombia. Three offers for the project have been made. In all, eight firms are participating in the tendering, with six of the companies being from Colombia itself. The project is expected to cost some US$595 million. The new tunnel will improve connectivity between Medellin and Uraba and will run from Giraldo to Canasgordas. The tunnel will form part of the Uraba road which runs through the mountain range at 1,500m.
September 2, 2015 Read time: 1 min
Bidding has been closed for the contract to construct the Toyo Tunnel in Colombia. Three offers for the project have been made. In all, eight firms are participating in the tendering, with six of the companies being from Colombia itself. The project is expected to cost some US$595 million. The new tunnel will improve connectivity between Medellin and Uraba and will run from Giraldo to Canasgordas. The tunnel will form part of the Uraba road which runs through the mountain range at 1,500m.
Road Structures Finance & Funding

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