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Consorcio Estructura SAC 4G

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Description

Consorcio Estructura SAC 4G, formed by Austria's Strabag (37.5%), Colombian firm Concay (25%) and the local subsidiary of Spain's Sacyr (37.5%), was awarded the 25-year concession for a project to construct the Autopista Mar 1 highway, an initiative that will significantly lower travel time and logistics costs for exports en route to the country's port facilities. Work will include the construction of a 4.7km tunnel to reduce congestion at the exit of Medellín, capital of Antioquia department. The project also involves the construction of 41 bridges, repaving work, and the addition of a second lane between Medellín and Santa Fé de Antioquia, covering roughly 60km between the two cities. Autopista Mar 1 will connect with Autopista Mar 2, although the tender process for Mar 2 had to be suspended, as the concession terms were being modified.

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