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

  • New ocean-ocean highway link proposed for Nicaragua
    October 7, 2014
    A major highway project in Nicaragua is coming closer to fruition. The new link would cross the country, connecting its Caribbean and Pacific Ocean coasts. The Central American Bank for Economic Integration (CABEI) has been called upon to approve a US$150 million loan at the end of October 2014 to part finance the scheme. Meanwhile funds worth $39 million have already been approved for the Rio Blanco-Mulukuku section of this road, which has been put out to tender. The $150 million CABEI loan would be put to
    Read More
  • Colombia: New decree allows pension funds to finance 4G projects
    June 25, 2015
    Columbian president Juan Manuel Santos Colombia has said pension fund money could help finance the country’s ambitious 4G motorway projects. Columbia has 35 road projects underway costing more than US$11.7 billion, including the first two 4G tender waves with six public-private partnerships that have already been approved. During a banking convention held in the coastal city of Cartagena in mid-June, Banco Davivienda president Efrain Forero lending capacity studies have been completed for 4GH projects
    Read More
  • Construction contract commencing on Colombia’s Toyo Tunnel
    February 14, 2018
    Work is now starting on Colombia’s Toyo Tunnel (Tunel del Toyo) project. The 9.8km long tunnel is being built by a subsidiary of the Spanish FCC Group, FCC Construccion. The concession contract for the tunnel is for a 10 year period that includes design, construction, operation and maintenance. The project is expected to cost US$483 million and once complete, the new link will improve transport connections between Medellin and Uraba. The route of the tunnel itself is from Canasgordas to Giraldo in Antioquia
    Read More
  • Funding found for Colombia road development projects
    November 9, 2017
    Funding is being provided for our projects that form part of Colombia’s 4G road development programme. The Inter-American Development Bank Group’s private sector subsidiary, IDB Invest, is supplying close to US$207 million for the four road projects to the development firms handling the works. IDB Invest is in turn borrowing the sum from Colombia’s national development bank Financiera de Desarrollo Nacional (FDN). In all Colombia’s 4G programme calls for $18 billion of construction works to be carried out.
    Read More

Highlighted Content