Colombia: Cesar-Guajira road project awarded to El Condor

The Colombian government has awarded the contract for construction of the Cesar-Guajira road to Construcciones El Condor, sole bidder for the work. The deal is a US$165 million public-private partnership (PPP) aiming to improve connectivity with the country’s Caribbean coastal departments. The 350km road will connect San Roque with Cuestecita, take four years to build and employ around 1,400 workers. Colombian Vice President, German Vargas Lleras, said five projects have been approved under the PPP sc
May 15, 2015 Read time: 2 mins
The Colombian government has awarded the contract for construction of the 2921 Cesar-Guajira road to Construcciones 4882 El Condor, sole bidder for the work.

The deal is a US$165 million public-private partnership (PPP) aiming to improve connectivity with the country’s Caribbean coastal departments. The 350km road will connect San Roque with Cuestecita, take four years to build and employ around 1,400 workers.

Colombian Vice President, German Vargas Lleras, said five projects have been approved under the PPP scheme.

The 863 Central American Bank for Economic Integration (CABEI) recently gave Columbia approval for a $400 million loan for infrastructure projects. Around $200 million will finance so-called fourth generation, or 4G, motorway concessions.

The loan announcement came after Columbia’s National Infrastructure Agency said it will help finance construction of the Toyo tunnel in Antioquia. The tunnel, nearly 10km-long and costing almost $765, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas.

The central government will contribute $216 million towards the project, the regional government of Antioquia will contribute $337 million and the Medellin government will pitch in with $212 million.

Awarding of a contract for the project is expected later this year.

Columbia has been struggling with road infrastructure investment that has resulted in a backlog of maintenance. Projects such as the Toyo tunnel are part of the government’s 4G of the Road Concessions Program. To increase foreign investment for infrastructure, the government is pushing through a PPP Law and created the Financiera de Desarrollo Nacional – a state development bank.
Finance & Funding

For more information on companies in this article

Related Content

  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • Costa Rican MOPT to progress two key road projects in 2013
    December 10, 2012
    The Ministry of Public Works and Transport (MOPT) in Costa Rica is planning to invite tenders to design a 4km-5km four lane flyover that will link Calle Blancos with Zapote during 2013. Achieving some progress on the delayed 5km Circunvalacion Norte ring road project is also said to be a MOPT priority. A tender for the design of the toll-less flyover is due to be launched in January 2013, with construction earmarked to start in 2014. It is expected to be completed after 18 months. Expropriations are not req
    Read More
  • Contractors competing Colombian construction concessions
    May 13, 2014
    The tender process is underway for the third section of Colombia’s Pacific route connecting La Pintada and La Felisa. This route forms part of the Autopistas de la Prosperidad project between Medellin and Buenaventura. The 231km section includes 26 bridges and three tunnels and will cost some US$621.4 million to construct. All three sections plus the Magdalena and Norte highway will be awarded by July 2014 with works due to begin in 2015. The highway stretches should all be finished in 2020. For the first s
    Read More
  • Checking up on the Czech Republic's Via Salis
    May 20, 2022
    Construction of the Via Salis, the Czech Republic’s first public-private partnership for a road project, is on schedule, according to VINCI which is leading the construction and operating consortium.
    Read More

Highlighted Content