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

  • Asphalt plans silos increase efficiency, reduce waste
    March 21, 2012
    A Colombian contractor tackles specifications for asphalt road work with Astec equipment. Award-winning Colombian contractor MHC has upgraded its Astec Portable Double Barrel plant to handle highway and other projects. The plant, installed in Bucaramanga, equipped with two RAP [recycled asphalt pavement] bins, a Double Barrel Green System, and one New Generation silo was bought by MHC in 2009. It has now received a second silo and a truck scale extension.
    Read More
  • Funding for Colombia road project
    June 20, 2023
    Funding has been secured for a major Colombian road project.
    Read More
  • Investment for Brazil’s Sao Paulo ring road
    June 8, 2012
    A new loan has been approved that will help finance works on the northern stretch of the Sao Paulo ring road in Brazil. The US$1.15 billion loan is being provided by the Inter-American Development Bank (IADB). Approval for the IADB loan has come from Brazil’s Committee for Economic Affairs (CAE) at Brazil's Senate. The loan will finance construction of the Rodoanel Norte stretch of the ring road. This measures some 44km long and will connect with the west and east sections of the ring road as well as linkin
    Read More
  • Agua Negra tunnel between Chile and Argentina
    May 15, 2014
    The current Paso de Agua Negra is the highest border crossing between Chile and Argentina. On the Argentine side, the Agua Negra Pass is located at 4,765m above sea level and 260km from the city of San Juan in the province of San Juan in the north-west of the country. On the Chilean side, the pass lies 229km from the city of La Serena in the Coquimbo region. The pass can be accessed from the Argentine side via National Highway No 150 from the province of La Rioja, which runs for a total of 390km. From the C
    Read More

Highlighted Content