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

  • Cemex's Philippines projects
    July 1, 2013
    Cemex in the Philippines is providing cement for the Millennium Road Project. This is part of a US$214million infrastructure package that will connect 15 municipalities in Samar, a province located in the country’s Eastern Visayas region. Phase one is expected to reach completion by November 2013. Cemex’s APO cement plant, which is situated strategically in the Visayas, will supply the required materials via its jetty port, considered the most modern facility of its type in the country to date. The project
    Read More
  • Tendering opens for new Colombian major motorway link
    March 3, 2015
    The tender process is now underway in Colombia for a new motorway that will connect Bucaramanga, Barrancabermeja and Yondo. The 152km motorway link will be a complex project to construct, combining the motorway, two tunnel sections and 22 bridges in all. The complexity of the project has pegged its estimated cost at some US$644.4 million. The tender process has been set up by the country's National Agency for Infrastructure (ANI). The deadline for offers is the 29th May 2015, while the winner will be announ
    Read More
  • Series of road and overpass projects for Myanmar
    May 11, 2015
    Two key projects will help boost road transportation in Myanmar. In Yangon, the regional government is to fund construction of an overpass located at Tamwe Junction. The move comes after the Japanese government declined to fund the works due to the high cost, expected to be in excess of US$120 million. In the 2015 to 2016 financial year, overpasses at Kokkaine Junction, Tamwe Junction and Eight-mile junction will be built. The Yangon regional government will fund the work with its budget of $20.66 million.
    Read More
  • US sees decline in construction machine exports
    December 4, 2015
    Exports of US construction equipment are still in decline according to the latest Association of Equipment Manufacturers (AEM) market update. The AEM report shows that exports of US-made construction equipment dropped 17.6% for the first three quarters of 2015 compared to January-September 2014, for a total $10.8 billion shipped worldwide.
    Read More

Highlighted Content