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

  • Chile-Argentina tunnel project attracts interest
    March 12, 2018
    Interest is strong in the project to build a new tunnel connecting Argentina and Chile. In all 26 firms have entered into the bidding process, joining together to comprise 10 consortia. The project is likely to cost US$1.5 billion, with much of the necessary financing being supplied by the IADB. The consortia include: Astaldi, FCC and Rivas; CCCC and JCR; China Railway Construction and Panedile; Dragados, Techint and Besalco; OHL, Condotte and Rovella; Power China and Sacde; Sacyr Construccion, SK
    Read More
  • Colombia's impressive infrastructure plans
    February 29, 2012
    Colombia is planning a massive investment in infrastructure up to 2021.
    Read More
  • US$3 billion needed for Bangladesh highway widening project
    March 25, 2024
    US$3 billion is needed for the Bangladesh Faridpur- Kuakata highway widening project.
    Read More
  • Virginia highway project awarded to joint venture
    November 7, 2017
    A major highway project in the US state of Vriginia has been awarded to a joint venture team comprising Granite Construction, Parsons Corporation, and Corman Construction. The firms will handle the Interstate 64 (I-64) Southside Widening and High Rise Bridge, Phase 1 design-build contract, which was awarded by the Virginia Department of Transportation. Construction work for the US$410 million joint venture project is scheduled to commence in November 2017 and should be completed in July 2021.
    Read More

Highlighted Content