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

  • Fehmarnbelt hearings to start
    September 24, 2020
    The Danish-German project has come under financial and environmental criticism.
    Read More
  • Financing secured for new West African highway route
    May 17, 2022
    Financing has been secured for a new West African highway route.
    Read More
  • John Hopkins report: iRAP boosts safety
    May 17, 2024
    A paper and report from Johns Hopkins University suggests that 700,000 deaths and severe injuries have been prevented through road safety projects using the International Road Assessment Programme (iRAP) methodology.
    Read More
  • Indian highway projects moving forward
    January 5, 2016
    Major highway projects are seeing progress in India. The US$1.52 billion Zojila Pass tunnel project is being planned in the state of Jammu and Kashmir. The project has been awarded to local road development firm IRB Infrastructure Developers (IRB). The 14.08km tunnel is expected to take seven years to complete. The concession for the project is for 22 years. As part of the deal, IRB will oversee the construction of 10.8km of approach roads on Srinagar-Sonamarg-Gumri Road in Jammu and Kashmir.
    Read More

Highlighted Content