Colombia: nine 4G PPPs to receive financing this year

Colombia’s minister of transport Natalia Abello Vives has announced that nine 4G public private partnership projects will receive financing this year. Final financing for the Puerta de Hierro-Cruz del Visola road, part of the second wave of 4G projects, will be on June 14, with work to be carried out by Spanish construction firm Sacyr. Construcciones El Condor will carry out the Antioquia-Bolivar and Cesar-Guajira road projects which will also receive financing this year. Other projects include the
March 18, 2016 Read time: 2 mins
Colombia’s minister of transport Natalia Abello Vives has announced that nine 4G public private partnership projects will receive financing this year.

Final financing for the Puerta de Hierro-Cruz del Visola road, part of the second wave of 4G projects, will be on June 14, with work to be carried out by Spanish construction firm Sacyr.

Construcciones El Condor will carry out the Antioquia-Bolivar and Cesar-Guajira road projects which will also receive financing this year.

Other projects include the Ibague-Cajamarca road, closing on May 4, and the Cambao-Manizales and Chirajara-Villavicencio roads, which are scheduled for financial close on July 16 and 22 respectively.

Luis Fernando Andrade, president of the National Infrastructure Agency (ANI), said that the sale of the government's shares in energy firm Isagen have been key in raising capital for the road projects.

Meanwhile, La Republica reported that the Colombian construction consortium CSS Constructores and Spanish-Colombian consortium Estructura Plural have tendered for construction of the Bucaramanga-Pamplona road. The project is part of the third wave of the government's 4G road development programme.

The 133km project requires an investment of around US$253 million and a contract will be awarded on April 22. The Bucaramanga-Pamplona road will connect to the Pamplona-Cucuta motorway. A contract for the Pamplona-Cucuta motorway will then be awarded on April 29.
Finance & Funding

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