Skip to main content

Work on Bogota highway to commence

Widening and upgrade work for the Autopista Norte motorway in Bogota is commencing in September 2017. The work will be carried out by the Accesos Norte de Bogota (Accenorte) consortium and forms part of Colombia’s 4G road development programme.
June 14, 2017 Read time: 1 min
RSS

Widening and upgrade work for the Autopista Norte motorway in Bogota is commencing in September 2017. The work will be carried out by the Accesos Norte de Bogota (Accenorte) consortium and forms part of Colombia’s 4G road development programme. The project is costing in excess of US$429 million, with Accenorte sourcing the necessary financing for the project, which is being handled under the PPP model.

The consortium is recouping its costs through tolling over the 25-year period of its operation and maintenance deal for the route. The project was awarded to the consortium by Colombia’s National Infrastructure Agency (ANI).

Related Content

  • Ukraine sets ambitious road target
    October 2, 2013
    The Ukrainian Government says that the country will see US$26.23 billion of road and highway construction work carried out in the 2013-2018 period. This construction plan forms part of the country’s five-year state economic programme. Financing will come from an array of sources. Funds for the projects will come from private investors, credit facilities, overseas financial organisations and the national budget.
  • Bolivia road contract awarded to Chinese firm
    February 9, 2017
    A Chinese contractor will carry out a major highway project in Bolivia. The company, Sinohydro, will construct a new road section close to El Sillar and the work will form part of the highway connecting Santa Cruz with Cochabamba. The work for the 28km stretch of road is costing around US$450 million to carry out and the link is due to open to traffic in 2019. Work on this section of road was intended to commence earlier but was delayed due to a number of unexpected administrative issues. Financing for this
  • Plans in hand for Colombian highway project
    December 5, 2013
    The Colombian authorities have plans in hand for a US$240 million highway upgrade project. In all, 10 groups have been pre-selected for the tender process for the work, according to a report by Business News Americas. The project is for upgrades and improvements to a 173km stretch of the Puerta de Hierro-Cruz del Viso highway. This work includes improvements to access roads in the area, which lies in Colombia’s northern Sucre, Bolívar and Atlántico departments. The country’s infrastructure agency, ANI, has
  • Deutsche Bank and Akbank among banks to fund Gebze-Izmir motorway
    March 19, 2015
    A final financing agreement for Turkey's 421km Gebze-Izmir motorway project will be signed by nine banks, eight of which will be Turkish, in April. The agreement will be for around US$4.73 billion of the deal likely to cost in total more than $6 billion and which is the country’s largest public-private partnership project. The banks are Deutsche Bank and Turkish banks Akbank, Garanti Bankasi, Finansbank, Is Bankasi, Halkbank, Ziraat Bankasi, Yapi Kredi and Vakfbank. Work has been going on since 2010 for the