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

  • Pūhoi-to-Warkworth motorway project
    September 25, 2020
    After a hiatus because of the COVID-19 lockdown, work has restarted on what will be one of New Zealand’s most visually impressive motorways. Andrew Thackwray, senior manager for project delivery for Waka Kotahi, the New Zealand Transport Agency, explains
    Read More
  • Safer roads win awards
    April 10, 2023
    Safer roads win awards for excellence.
    Read More
  • Chilean highway upgrades
    May 25, 2012
    In Chile the Colombian highway operator ISA will carry out comprehensive repairs to Ruta 5 before the end of 2010. The company has been criticised by Chile’s Ministry for Public Works (MOP) for constant delays to road repair works following February's earthquake. The MOP threatened ISA with legal action, which prompted the new repair schedule being announced. Meanwhile work is commencing on the construction of 200km of highway near the northern city of Antofagasta in a project worth around US$320 million. T
    Read More
  • India’s highway financing programme planned
    November 30, 2016
    A budget of US$8.97 billion has been set as the limit on borrowing for India’s highways development programme for the 2017-2018 fiscal year. The financing agreement has been made by the National Highways Authority of India (NHAI), acting through the country’s Ministry of Road Transport and Highways. This substantial budget comes in spite of fewer projects being awarded as well as less financing having been secured during 2016. In the April to October 2016 the NHAI awarded contracts for 2,330km of highways.
    Read More

Highlighted Content