Colombian tunnel project moving ahead

The concession package for Colombia’s Toyo Tunnel project will be awarded in the third quarter of 2015. This has been announced by the authorities in Antioquia. The date has been set for September 28th for the concession to be awarded. The project will cost US$530.2 million, with the costs being split between the Medellin Council and the regional government. The 9.8km tunnel will help boost transport and trade between Medellin and Uraba. The regional government has launched a dedicated website with details
May 5, 2015 Read time: 1 min
The concession package for Colombia’s Toyo Tunnel project will be awarded in the third quarter of 2015. This has been announced by the authorities in Antioquia. The date has been set for September 28th for the concession to be awarded. The project will cost US$530.2 million, with the costs being split between the Medellin Council and the regional government. The 9.8km tunnel will help boost transport and trade between Medellin and Uraba. The regional government has launched a dedicated website with details about the project aimed to companies interested in the construction. Proposals will be accepted until the 24th August 2015. Work is expected to commence in October 2016 and the tunnel should be operational in 2022.
Finance & Funding Road Structures

Related Content

  • ANI transfers operation of Guillermo Gaviria Correa to Mar 1 Devimar
    July 6, 2016
    The Colombian department of Antioquia has transferred operation of the Guillermo Gaviria Correa road connection to the National Infrastructure Agency (ANI). ANI will, in turn, cede the concession to the Mar 1 Devimar consortium. The road, named after the assassinated governor of Antioquia, runs between the municipalities of Medellin and San Jerónimo and connects Medellin to the Uraba Gulf, part of the Caribbean Sea. Gaviria, a Nobel Peace Prize nominee, was kidnapped by guerrillas and held captive for
    Read More
  • Construction continues for Colombia’s Toyo Tunnel
    May 9, 2018
    Construction work is continuing on Colombia’s Toyo Tunnel project. This is in spite of the controversy regarding one of the firms involved, which has been drawn into the corruption scandal surrounding the Brazilian contractor Odebrecht. The tunnel project is being carried out by a consortium, Consorcio Antioqua al Mar. However the other members of the consortium are in a position to carry on with the project and have all the necessary approvals needed, as well as the necessary equipment. The project is cost
    Read More
  • Colombia sets out major strategy for highway investment
    January 19, 2015
    International interest is strong in Colombia’s infrastructure expansion. Five foreign firms are competing in the country’s 4G road tender process. Fomento de Construcciones y Contratas (FCC), Sinohydro, Sacyr, Tradeco and ICA are amongst the companies competing for 10 contracts worth some US$5.88 billion. The first project opening for tender on 19th May 2015 will be for the Puerta de Hierro-Carreto-Palmar de Varela and Carreto-Cruz del Viso routes. The final tender documents for the 10 projects are being pu
    Read More
  • Colombian concession contracts cause concern
    June 13, 2014
    A report from insurance firm AIG warns that up to half of Colombia's 4G highway concessions could face financial hurdles due to over-estimated predictions of traffic flows. Colombia is at present putting out to tender its fourth generation (4G) concessions, which involve some US$25 billion in investment, reports Business News America. This investment is impressive and is Latin America's biggest move to expand and improve road infrastructure. But while many companies have shown interest and were prequalified
    Read More

Highlighted Content