Colombia's roads to recovery

Colombia's Ministry of Transport is suggesting that the Avenida Longitudinal de Occidente (ALO) road project in Bogota should be carried out by Colombian energy company Empresa de Energia de Bogota (EEB).
February 8, 2012 Read time: 2 mins
Colombia's Ministry of Transport is suggesting that the Avenida Longitudinal de Occidente (ALO) road project in Bogota should be carried out by Colombian energy company 5808 Empresa de Energia de Bogota (EEB). If state owned EEB completes the works, the Government expects to save US$518 million as well as cutting out the need for three years worth of additional studies and tenders. Meanwhile the tender process for the Autopista de las Americas highway project should close at the end of April 2010, with a decision to be made in June 2010. The 4.2km Guillermo Leon Valencia tunnel is now open for traffic. Vehicles driving from Melgar to Bogota will no longer have to travel via Nariz del Diablo, and journey times will be shortened by more than 30 minutes. The cost of this tunnel project was estimated at $70 million when announced in 2002. The Ministry of Transport reports that the Bogota-Giradot road project is progressing well although there have been some delays. The road project will improve communications between Central Colombia and the west as well as the Pacific Coast. Some 200km of double lane road projects have been built on average during the last two years and this could reach 300km in 2010. In addition, La Linea tunnel construction works are finally proceeding as planned and the road from Calarca to this tunnel is within schedule. The Bogota-Buenaventura road should be completed within a maximum of five years. The Colombian authorities have signed the extensions to the Ruta Caribe, Barranquilla-Cartagena and Cordoba-Sucre road concessions. These projects are worth $623 million. Other road projects worth have been put out to tender and contracts for these schemes will be signed in June 2010. By extending the concessions, the government will be able to ensure that the works are carried out, through road toll systems. The Colombian institute for concessions, 1314 INCO, has remarked that the Cordoba-Sucre and Ruta Caribe projects should take seven years to complete and encompass 484km of road improvements.
Highway & Network Management

For more information on companies in this article

Related Content

  • Colombian surety insurers to benefit from new highway infrastructure projects
    October 11, 2013
    The Colombian government's recently unveiled infrastructure programme for highway construction over the next 10 years is tipped to raise demand for surety products owing to government contracts requiring surety insurance to protect public resources. Higher demand of these types of P&C insurance coverage will help insurers absorb their fixed costs, thereby improving underwriting results and reducing insurers' reliance on investment yields to sustain their profitability, Moody's has claimed in a report.
    Read More
  • Spanish firms pre-qualify for US$1.15bn worth of Colombian road projects
    August 7, 2013
    Several Spanish firms with operations in Colombia have gained pre-qualification for two tenders to build and maintain two roads in the country requiring an estimated combined investment of US$1.15 billion. OHL Concesiones Chile and OHL Concesiones Colombia (part of the Spanish OHL group), Sacyr Concesiones Colombia (part of Spanish group Sacyr) and Ortiz Construcciones y Proyectos Colombia, and Acciona Concesiones Chile (part of the Spanish group Acciona), are pre-qualified for the Pacific 2 Connection. The
    Read More
  • Malta offers more residential road upgrade contracts
    March 25, 2019
    Infrastructure Malta, the government’s road agency, is putting out to tender contracts for the upgrade of 170 residential roads worth around €70 million. The work is divided into six contracts and covers a total of 52km of roads as well as 85km of pavement/sidewalks, signage and where necessary stormwater improvements. This latest announcement is part of a wider €700 million upgrade over seven years announced last year. The government let 120 contracts last year, of which 31 projects have started. Fiv
    Read More
  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More

Highlighted Content