Skip to main content

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.

Related Content

  • Deal struck for Poland's A2 highway
    February 27, 2012
    Work on two sections of Poland's A2 highway originally planned to be built by the Chinese COVEC will now be constructed by two consortia.
  • Serbia’s pan-European Corridor X is in the slow lane
    October 23, 2017
    It’s been slow progress on Serbia’s Corridor X project. Gordon Feller reports. Back in the early 2000’s, the European Union undertook an ambitious programme to link the main cities of its south-eastern region. This involved connecting five key seaports – the Greek cities of Patras, Igoumenitsa, Piraeus and Thessaloniki as well as Romania’s Black Sea city of Constanta. Initially the plan involved two motorways across Greece. The first was a new 780km route including a branch to Ormenio on Greece’s north-eas
  • Costa Rica: Conavi gets more time and funds for road maintenance
    October 26, 2015
    Costa Rica’s road agency Conavi has extended the deadline and increase funds by $154 million for road repair and maintenance contracts. Contracts will be extended for the companies involved which include Constructora Meco, Grupo Orosi, Quebradores del Sur, Constructora Hernan Solis and Conansa. The Treasury Inspector's Office made the announcement, according to El Pais newspaper. Meanwhile, four banks are considering an investment in the 60km San Jose-San Ramon Road Expansion Project. They include
  • Key Colombian highway under construction
    June 23, 2021
    A key Colombian highway project is now under construction.