Colombia highway – financing secured

The complete financing for the Autopista al Mar 1 highway project in Colombia has now been secured. Loans of US$713 million from eight banks, seven of which are international institutions, will pay for the PPP project. Firms involved in the project include the Austrian contractor STRABAG and the Spanish firm Sacyr, as well as the local company CONCLAY. Construction work is well underway for the project, which is around 30% complete. Once the highway opens for traffic, it will improve transport and trade in
March 21, 2019 Read time: 1 min

The tender process is open for the study into the planned Paso Las Lenas tunnel to connect Chile and Argentina. The study is expected to cost US$1.55 million and will be paid for by Chile’s O’Higgins Region. The tunnel will be some 11.5km long and the portal in Chile will be at an altitude of 2,020m while the entrance on the Argentine side will be at 2,364m, allowing it to be used throughout the year. The tunnel has an expected pricetag of some $1.67 billion to build, with the countries sharing the construction costs. This project to improve transport between the two countries will also include building 13km of road in Chile and 60km of road in Argentina’s Mendoza Province.

Finance & Funding

Related Content

  • Norway-Russia road connection improvement
    October 12, 2017
    An improved road link will boost transport between Norway and Russia. The two countries have already spend around US$160 million to upgrade the road link that connection between the two. A 25km stretch is connecting Norway’s Sor-Varanger municipality with Russia’s Pechengsky District in the Murmansk Region. This is providing a shorter road route between Kirkenes in Norway and the important port of Murmansk in Russia and will help boost transport and trade between the two countries, as well as for Finland.
    Read More
  • New tunnel link proposed for Colombia
    July 23, 2013
    Even as work continues on La Linea tunnel in Colombia, the country’s government has received a proposal for an additional tunnel link. A consortium made up of Colombian companies and Italian firms has suggested building a new tunnel to link Quindio and Tolima. Odinsa, Mincivil, Impregilo and Salini are involved in the consortium and have suggested a PPP as being a possible model under which to construct the link, which could cost in the order of US$531 million and would be 8.5km long. The economic case for
    Read More
  • A tricky road update is planned for an important rural road in Brazil
    September 27, 2013
    Brazilian consultant SOTEPA has been closely involved with infrastructure improvements in a series of projects in the southern state of Santa Catarina. One of the most important of these has been design work for the SC-477 state highway, which connects the east of the state to Brazil’s Littoral zone and the BR-101 federal highway. The SC-477 has had to be upgraded as part of it has been unsurfaced, without an asphalt surface between Itaiópolis and Doutor Pedrinho. The road provides an important link for the
    Read More
  • Key Argentina road project commencing
    March 1, 2019
    Working is commencing on a key road project in Argentina’s Buenos Aires Province. The road will connect Canuelas, on the south western outskirts of capital Buenos Aires, with the town of Azul. The improved route will boost transport between Buenos Aires and Azul, which lies to the south west of the capital, and will also pass through the towns of Las Flores and Cachari. The project will be carried out under the PPP model and is expected to cost US$1.77 billion in all. The first stage of the project will be
    Read More

Highlighted Content