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

  • Cutting congestion in Colombia’s capital with combined connectivity concept
    January 16, 2019
    A new transport plan for Colombia’s capital, Bogota, is intended to cut congestion. The plans are being drawn up by Bogota council's Urban Development Institute (IDU). In all 75 separate works are included in the plan, ranging from building or upgrading 155km of roads to constructing 183km of cycle lanes. Of the 75 works outlined in the plans, the aim is for 20 to be complete by the end of 2019. The IDU estimates that the work will cost US$5.5 billion to carry out. Upgrades to the Avenida Ferrocarril shoul
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Increased mobility for Mexico
    June 14, 2012
    Urban mobility is high on the infrastructure agenda in Mexico. Business News Americas spoke with Salvador Herrera, executive director of the Centre for Sustainable Transport (CTS), about the elements of a sustainable transport system and Mexico City's addiction to the car At the heart of Mexico City's transport policy is a contradiction that is typical of the country as a whole. The government is spending big on Line 12 of the metro system and has introduced the first Metrobús bus rapid transit (BRT) l
    Read More
  • Colombia bridge a cause for concern
    February 26, 2019
    The Hisgaura Bridge in Colombia remains a source of concern over its structure. The 653m bridge forms part of the Málaga—Los Curos highway and features the longest central span, at 400m, of any cable-stayed bridge in South America. However, Colombia's National Road Institute (Invias) has expressed its doubts over the bridge. Instability and potential high maintenance costs have been cited by Invias as grounds for this concern. The deck of the central section of the bridge is not properly level. It is not c
    Read More

Highlighted Content