The company failed to pay a total of US$345mn in outstanding bonds due April 30.
The company postponed payment of a US$143mn payment on its overseas bond.
Concessionaire Coviandes will fully finance he reconstruction of the bridge on the Bogotá-Villavicencio highway.
Services could be provided by a well-designed system of concessions linked with economic incentives.
Energy minister Wellington Moreira Franco expects the privatization of the state-run power company to be approved this year despite opposition in congress.