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

  • Colombia motorway projects worth US$4.45bn up for tender
    March 15, 2013
    A series of four motorway projects in Colombia, known as the Autopistas de la Prosperidad, covering 844km and costing US$4.45 billion (COP 8tn), will be put out to tender from 11 April 2013. As well as the high profile road schemes, due to be awarded in October 2013, the government has also announced that a programme to boost national growth and productivity will be implemented. The Colombian financial budget for 2013 has been adjusted, signifying a $1 billion drop in foreign loans, while efforts will be ma
    Read More
  • New tunnel link proposed for Colombia
    July 23, 2013
    Even as work continues on La Linea tunnel in Colombia, the country’s government has received a proposal for an additional tunnel link. A consortium made up of Colombian companies and Italian firms has suggested building a new tunnel to link Quindio and Tolima. Odinsa, Mincivil, Impregilo and Salini are involved in the consortium and have suggested a PPP as being a possible model under which to construct the link, which could cost in the order of US$531 million and would be 8.5km long. The economic case for
    Read More
  • Consortium carrying out Colombian highway project
    July 25, 2014
    In Colombia a consortium will carry out the Perimetral Oriental road contract. The US$463.4 million contract is for a 153km section of road connecting Cundinamarca and Meta, which when complete will cut journey times by two hours compared with the current route. The consortium comprises Israeli company Shikun & Binui and local firm Grodco and Colombiana Inversiones en Infraestructura, which is owned by Spanish company Fomento de Construcciones y Contratas (FCC). The work will take four years to carry out an
    Read More
  • Colombia dual carriageway concession awarded
    January 29, 2021
    A key Colombian dual carriageway concession has been awarded.
    Read More

Highlighted Content