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

  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • Awards for technology innovations at bauma 2019
    March 28, 2018
    Online applications will open on April 3rd 2018 for the bauma 2019 technology awards. The awards are intended to highlight cutting-edge technology being developed in the construction machinery industry segment. The closing date for the award entries is September 5th, 2018, with the award ceremony being held at bauma 2019 in Munich. The bauma innovation award is being run for the 12 time already and addresses all bauma exhibitors as well as research institutes, universities, research companies and members
    Read More
  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More
  • Chinese firm for Cameroon highway contract
    February 8, 2024
    A Chinese firm will carry out a key Cameroon highway contract.
    Read More

Highlighted Content