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).

Road Structures Finance & Funding

Related Content

  • Kenya’s elevated highway gets a green light from the World Bank
    August 18, 2016
    The World Bank agreed to finance construction of Kenya’s first double deck highway, according to media reports. Construction is set to begin by the end of this year on the toll road to link Jomo Kenyatta International Airport and the Nairobi-Nakuru highway. Peter Mundinia the director-general of the Kenya National Highways Authority, explained that construction of the all-elevated dual carriageway will be in three phases. The first will begin with 6.5km running from the airport to Likoni Road and the
    Read More
  • Brenner Tunnel financing solution suggested
    March 20, 2015
    The Brenner Base Tunnel could be financed by highway users according to a proposal by the Italian Ministry of Transport. The authorities in South Tyrol have suggested that the EU may forego new tenders and recalculate the concession period so that it is for a longer timeframe. This would be of benefit both to the Italian Government (which has budgetary restraints), and the EU. Highway operator Brennerautobahn, in which the Italian regions of Trentino and South Tyrol have a 32.2% stake, already provides €30
    Read More
  • Progress on Colombia’s Autopistas de la Prosperidad road programme
    December 13, 2013
    In Colombia progress is being made with the the Autopistas de la Prosperidad road programme. The local authorities in Antioquia have approved funds worth US$268.66 million for this project. Overall the project has funding worth $716.65 million available. The project is for a 50km section of highway between Santa Fe (Antioquia) and Canasgordas. One of the most costly components will be for the construction of the Toyo tunnel along the route. This project will be opening for tenders in the first half of 2014.
    Read More
  • Australia: Consortium ready to abandon Melbourne’s East West Link
    March 10, 2015
    The East West Connect consortium is set to abandon Melbourne’s East West Link contract in return for a payment of between US$400 million and $535 million, according to media reports. But the Victoria state government is challenging the claim by East West Connect whose partners include Lend Lease, Acciona, Capella Capital and Bouygues. Instead, the government wants East West to payback around $153 million which the consortium allegedly received when the toll road contract was signed, reported the Herald Sun
    Read More

Highlighted Content