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Invias to Proceed with Aug.28 Tunnel Auction Launch

Bnamericas Published: Friday, August 25, 2000
Colombia's national highway institute Invias plans to go ahead on Monday (Aug.28) with the launch of an international auction for the US$220mn concession to build and operate the La Linea tunnel on the Bogota-Buenaventura export corridor, an Invias source told BNamericas.com. Bidding rules will be available soon after the auction has been officially launched, the source added, while offers will be received four months later and assessed over a two-month period before the concession is awarded. The concessionaire is required to build the 8.6km two-way tunnel in 60 months, and will be responsible for providing maintenance works over a seven-year period. The project also includes the construction of a parallel emergency tunnel, which at a later date could be upgraded for the use of traffic in general. Some US$28mn will be invested in 3.8km of access roads. The design for the tunnel is 80% complete and will be finished by the winning company. The tunnel will be 2,500m above sea level and will cut travel time and reduce transport costs on one of Colombia's busiest highways. Colombia's social and economic policy council Conpes has approved the government's plans to finance the works through foreign debt. Invias is presently drawing up a US$300mn concession to build, upgrade and operate the 60.8km Ibague and Calarca section of the Bogota-Buenaventura highway and aims to launch the auction late 1H01. Once the La Linea tunnel contract has been completed the operation of the tunnel will be handed over to the Ibague-Calarca concessionaire.

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