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

  • ANI transfers operation of Guillermo Gaviria Correa to Mar 1 Devimar
    July 6, 2016
    The Colombian department of Antioquia has transferred operation of the Guillermo Gaviria Correa road connection to the National Infrastructure Agency (ANI). ANI will, in turn, cede the concession to the Mar 1 Devimar consortium. The road, named after the assassinated governor of Antioquia, runs between the municipalities of Medellin and San Jerónimo and connects Medellin to the Uraba Gulf, part of the Caribbean Sea. Gaviria, a Nobel Peace Prize nominee, was kidnapped by guerrillas and held captive for
    Read More
  • Colombia: more money for Toyo Tunnel Project
    April 4, 2024
    The Toyo Tunnel Project – the Guillermo Gaviria Echeverri Tunnel Project - covers 18.3km including new roads and is under construction by Consorcio Antioquia al Mar.
    Read More
  • Colombia infrastructure expansion plan underway
    August 22, 2017
    Colombia is moving ahead steadily with its 4G road development scheme. According to the Colombian Chamber of Infrastructure (CCI), the Colombian Government has awarded 31 of the 4G projects to date. And of these 31 projects, 21 are being built at present with another eight in the process of securing financing. In all these 21 active projects and the eight close to commencement are worth a total of US$4.37 billion. The Colombian Government hopes that financing will be secured for a further two projects by th
    Read More
  • Colombia's roads to recovery
    February 8, 2012
    Colombia's Ministry of Transport is suggesting that the Avenida Longitudinal de Occidente (ALO) road project in Bogota should be carried out by Colombian energy company Empresa de Energia de Bogota (EEB).
    Read More

Highlighted Content