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

  • Shortlist set for Norway’s Sotra PPP project
    May 21, 2020
    Sotra Link, Itias and Vis Sotra are vying for the $1.15 billion deal.
    Read More
  • Paraguay highway project – financing package being secured
    June 28, 2019
    A finance package is being secured for the project to widen Route 2 and Route 7 in Paraguay. The package is worth US$500 million in all. The work for the project is being handled by the Rutas del Este consortium. Sacyr holds 60% of the consortium, with Ocho A holding the remaining 40%. The Rutas del Este consortium holds a 30-year concession for the two routes.
    Read More
  • Panamanian projects planned
    May 13, 2019
    New road projects are planned for Panama. Contracts have been awarded by the Ministry of Public Works (MOP) worth some US$194.4 million. The work will be carried out in Los Santos, Herrera, Panama Oeste, Ngabe Bugle and Panama Este provinces. The Jose Agustin Arango-CPA-24 de Diciembre project is one of the larger of these and is costing $71 million, with the work being carried out by Puentes y Calzadas Infraestructuras. The Asociacion Accidental Tanara consortium, which comprises CUSA and Constructora de
    Read More
  • Colombia highway concession package awarded
    November 8, 2019
    A major highway concession package has been awarded to a consortium in Colombia. Concesionaria Vial Andina (Coviandina) has won the tender to manage the 85.6km road connecting capital Bogota with Villavicencio. The package was awarded by the national infrastructure agency (ANI). Under the terms of the deal, the firm will maintain two sections of the existing road and build a new dual carriageway stretch with two lanes in either direction for the third section. The third stretch poses particular challenges t
    Read More

Highlighted Content