Bancolombia boosts its investment in Colombia 4G road projects

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,
August 4, 2016 Read time: 2 mins
3123 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 1,000km route that passes through the Antioquia department.

Bancolombia’s other road investments include the Pacifico III and Via Perimetral Oriental road projects as well as for the Concesion Costera Cartagena Barranquilla concession.

Meanwhile, the head of Colombia's National Road Institute, 2812 Invias, Carlos Alberto Garcia, reported completion of 16km of the 52.6km Via de la Prosperidad road project in Magdalena department. Invias is now monitoring weekly the $145 million project after government voiced concern over its progress and possible effects on the environment, media reports have claimed.
Finance & Funding

For more information on companies in this article

Related Content

  • Turkey to tender for Izmir-Candarli beltway contract
    November 15, 2016
    Turkish highway authorities will tender construction of the remaining part the Izmir-Menemen-Aliaga-Candarli motorway on 15 February. The contract will be build-operate-transfer for the 76km section between the towns of Aliaga and Candarli. Constructions is expected to take three years. The 16km section between Izmir and Menemen is already finished, according to Turkish media. Up to 60,000 vehicles a day are projected to use the highway from Izmir to Candarli. It is officially called the Otoyol 30
    Read More
  • Chinese firm wins highways expansion project to decongest Nairobi
    January 5, 2017
    A Chinese contractor is carrying out a major road project intended to cut congestion in Kenyan capital Nairobi – Shem Oirere writes Chinese contractor China Wu Yi has won a US$163 million contract for the reconstruction and expansion of a 25km highway leading out of Kenya’s capital Nairobi with financing from the World Bank. The contract was awarded by the country’s National Highways Authority (KeNHA), a state-owned road agency responsible for the management, development, rehabilitation and maintenance of i
    Read More
  • Tunisia’s Sfax-Gabès and Oued Zarga-BouSalem projects ready in 2016
    September 2, 2015
    Tunisia’s minister for infrastructure and housing, Mohamed Salah Arfaoui, has announced that the Sfax-Gabès and Oued Zarga-BouSalem motorways will be operational in summer 2016. On a visit to Médenine, he announced that other motorways would be commissioned by 2018, bringing the total network to 1,000km. Tunisia is expected to put out to tender the Kairouan-Sousse motorway this month, according to a report in March by Tunis Afrique Press. Arfaoui said at the time that the the Kairouan-Sousse motorway
    Read More
  • Madagascar road project controversy
    February 13, 2025
    Controversy surrounds two road projects for Madagascar.
    Read More

Highlighted Content