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

  • Plans moving forward for key Turkish highway
    October 11, 2013
    Plans are moving forward in Turkey for the construction of a new highway project. Mott MacDonald has been named lenders’ technical advisor by the IC Ictas-Astaldi (ICA) consortium for a 60km section of the Northern Marmara highway. This deal is significant and the stretch forms the first of a number of phases of the highway. The project is being delivered under a 10 year, US$2.5 billion public-private partnership (PPP).
    Read More
  • Israel's new tunnel project
    April 20, 2012
    The Israel National Roads Company is opening the tender process for the project to drive new tunnels on Road no 1.
    Read More
  • Jerusalem bottleneck route to be upgraded
    March 1, 2012
    The upgrading of Highway 1 between Sha'ar Hagay and the entrance to Jerusalem, Israel, a 2.5 billion NIS project (US$733 million), is expected to take five years to complete.
    Read More
  • Serbia road project, funding secured
    February 19, 2019
    Construction of the 77km-long Merdare-Nis highway in Serbia is to benefit from external financing. A funding package worth €100 million is being supplied by the European Investment Bank (EIB) for the project. The funding will pay for work on a stretch of the route between Plocnik and Nis in southern Serbia. The highway will improve transport connections with neighbouring Kosovo when it is complete. This project forms part of a series of road building operations in the region, with extensive work having been
    Read More

Highlighted Content