Colombia’s road development programme underway

Colombia’s 4G road infrastructure development programme is on track. The financing for 70% of this programme of works is now being secured. Worth some US$15.5 billion in all, the 4G programme is the fourth stage in the country’s plan to redevelop its transport infrastructure. Work commenced on the 4G programme in 2016 and it was originally due for completion in 2021. However, delays have crept into the programme due in part to issues surrounding the Brazilian contractor Odebrecht, which was handling some of
February 1, 2019 Read time: 1 min
Colombia’s 4G road infrastructure development programme is on track. The financing for 70% of this programme of works is now being secured. Worth some US$15.5 billion in all, the 4G programme is the fourth stage in the country’s plan to redevelop its transport infrastructure. Work commenced on the 4G programme in 2016 and it was originally due for completion in 2021. However, delays have crept into the programme due in part to issues surrounding the Brazilian contractor Odebrecht, which was handling some of the works. The firm has been hit with serious allegations over its business dealings both in Brazil and in other countries.

Finance & Funding

Related Content

  • Brazil in transport spend fast lane
    April 27, 2012
    The Brazilian Government has announced a US$17.01billion package for new mobility and public transport infrastructure. The huge investment includes the construction of 200km of underground and light tramway lines and more than 600km of new bus lanes. The programme of works, titled 'PAC Mobilidade Urbana Grandes Cidades', is set to benefit people in 51 cities and the metropolitan areas of 18 states.
    Read More
  • Waskita Karya seeks loan for Pejagan-Pemalang toll road on Java
    January 12, 2015
    Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya. Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%. Waskita Karya plans to carry out a bond
    Read More
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • China’s Guizhou Province developing transport infrastructure
    May 13, 2019
    China’s Guizhou Province is developing its transport infrastructure with a major programme of works being scheduled. Construction for six new highways is commencing during 2019, with the work being planned and managed by the Guizhou Provincial Transportation Department. These six highway sections will all feature at least two lanes in either direction, five of which will be for traffic speeds up to 80km/h. The 162km Nayong to Qinglong highway however will be for speeds up to 100km/h, is costing over US$5.
    Read More

Highlighted Content