Colombia: financial closure achieved for 13 4G road projects

Colombia's Minister of Transport, Jorge Eduardo Rojas, announced that 13 projects within the framework of 4G – Fourth Generation - road development have reached financial closure.
September 6, 2016 Read time: 1 min

Colombia's Minister of Transport, Jorge Eduardo Rojas, announced that 13 projects within the framework of 4G – Fourth Generation - road development have reached financial closure.

With 11 projects included in the first wave of the scheme, only one proposal lacks a financial closure, according to a report in El Pais newspaper.

Rojas confirmed that in the second wave, nine road projects have been awarded and are expected to achieve their financial closure before the end of the year.

According to Rojas, 4G will add 7,000km of roads that will include 1,300km of dual carriageways, 1,451 tunnels and 21,300 bridges.

Finance & Funding

Related Content

  • India mulls feasibility of bridge over Palk Straight to Sri Lanka
    October 27, 2015
    India will carry out a feasibility study on a road link between Rameswaram in Tamil Nadu state and Thalaimannar in Sri Lanka, a federal government minister has said. "It needs the consent of both countries,” said Union minister of state for road transport, highways and shipping, Pon Radhakrishnan. “The project needs to be discussed at various levels," according to a brief report by India’s Hindu newspaper. Radhakrishnan told the reporters that federal government had begun consultations to carry out a
    Read More
  • Colombian tunnel project to open for tender
    May 4, 2012
    Colombia's Transport Ministry has announced that the contract for the second La Linea tunnel will be put out to tender before the end of 2011. The contract will be one of a number of infrastructure projects worth a total of US$2.41 billion, which will be put out to tender soon. Most of the contracts planned for tendering are for road projects. Colombia has been investing heavily in upgrading its infrastructure in a bid to develop the country's economy by boosting its transport connections.
    Read More
  • Spanish government reduces motorway rescue cost
    May 8, 2018
    The Spanish government has calculated the cost of rescuing Spain's nine bankrupt motorways at €1.8 billion. This is about 10% less than previously estimated, according to a report in the Spanish financial newspaper Expansión. The government has been trying for the past three years to facilitate a deal with banks to get the motorways out of debt and so to not add to the state’s own debt. Many of the nine projects were built prior to the financial crisis and traffic volumes were optimistically high.
    Read More
  • Date set to complete D1 Višňové Tunnel section
    July 20, 2023
    The D1 section between Lietavská Lúčka and Dubná Skala in Slovakia includes the partially completed 7.5km twin-tube Višňové Tunnel - to be the country's longest.
    Read More

Highlighted Content