Colombian highway projects under development

A finance package has been secured in Colombia for the Autopista al Mar 1 highway project. A loan worth close to US$206 million is being provided by the national development bank, Financiera de Desarrollo Nacional (FDN). The highway forms part of Colombia’s 4G infrastructure development plan and the finance package will be provided in three separate tranches. The construction work is being carried out by a consortium comprising Strabag, Concay and Sacyr Concesiones. The project will upgrade the 71km
June 29, 2018 Read time: 2 mins

A finance package has been secured in Colombia for the Autopista al Mar 1 highway project. A loan worth close to US$206 million is being provided by the national development bank, Financiera de Desarrollo Nacional (FDN). The highway forms part of Colombia’s 4G infrastructure development plan and the finance package will be provided in three separate tranches.

The construction work is being carried out by a consortium comprising Strabag, Concay and Sacyr Concesiones. The project will upgrade the 71km existing route connecting Santa Fe in Antioquia and Bolombolo. The work also includes widening the 43km route between Medellin and Santa Fe, in Antioquia Department. Other key portions of the project include the construction of the 4.6km Tunel de Occidente as well as building no less than 39 bridges.

Meanwhile work to build the Toyo Tunnel (Tunel del Toyo) in Antioquia Department is now around 64% complete. The tunnel measures 9.8km long and should be ready for traffic by 2022. The link is being built bya consortium comprising FCC Construction, Cass Builders and Company, Carlos Alberto Solarte and Estyma Studies and Handling. The tunnel route runs underneath the mountains of western Antioquia, an area that is difficult to access at present due to its challenging topography. Construction of the route will improve transport to the port of Uraba, located some 80km to the north of the city of Medellin. Work is also underway on the nearby Tunel 18, a 258m tunnel section located close to Canasgordas, as well as the Puente 13 bridge and a number of access roads

However there are questions surrounding the highway widening project  for the Bogota-Girardot route. A preliminary investigation is being carried out into the construction partnership handling the $586.3 million road widening work along a 154km stretch of the highway connecting the capital Bogota with Girardot. The investigation is being carried out by the official the industry and trade watchdog (SIC), focussing on the tender process.

Finance & Funding

Related Content

  • Libyan deal for STRABAG
    February 23, 2012
    A consortium headed by STRABAG will handle a highway contract in Libya worth €104 million.
    Read More
  • Colombia plans PPP project
    February 5, 2015
    A new highway project is planned for Colombia, which will be designed and constructed under a PPP concession. The Colombian Government awarded the project to Grupo Odinsa. This will be the country’s second PPP highway project and is expected to cost in the region of US$513 million to construct. The complete 325km project includes building a ring road in Villavicencio, as well as works between Villavicencio-Acacias, Villavicencio-Apiay and between Puerto Gaitan-Puente Arimena. Colombia’s National Infrastruct
    Read More
  • STRABAG wins Romanian highway project
    May 20, 2015
    Austrian contractor STRABAG is heading the consortium carrying out a highway project in Romania. The project is to build the country’s A3 highway connecting Ungheni and Ogra. Work on this 10km section of highway will take 12 months to complete. STRABAG holds the majority stake in consortium handling the €70 million contract.
    Read More
  • Taiwan infrastructure plan for development
    July 23, 2018
    Taiwan has set a US$4.6 billion budget for infrastructure development, with road transport works accounting for 25.8% of the financing.
    Read More

Highlighted Content