Colombia awards US$450mn highway project

The Estructura Plural Autovía Magdalena Medio consortium made up of KMA Construcciones SA (50%) and Ortiz Construcciones y Proyectos SA (50%) was awarded Colombia’s 1.7tn-peso (US$446mn) Troncal del Magdalena 2 highway project.

Troncal del Magdalena 2 is part of the 5G concessions. The project consists of a 268km divided highway between Sabana de Torres in Santander department and Curumaní in Cesar.

Together with Troncal del Magdalena 1 (Puerto Salgar-Barrancabermeja), the project will complete the Ruta del Sol sector 2, improving traffic flows from the interior of the country to the Caribbean coast. Once it is connected to Ruta del Sol 3, it will become the most important cargo corridor in Colombia, connecting Cundinamarca, Boyacá, Santander, Norte de Santander and Cesar departments.

The 25-year concession involves a pre-construction stage of one year, construction for four years, and operations and maintenance for 20 years.

5G infrastructure projects include road, rail, river and airport works.

Of the 5G portfolio, the government has already awarded Accesos Cali-Palmira, ALO Sur, Accesos Norte 2 and Troncal del Magdalena 1.

Meanwhile, the Buenaventura-Buga corridor is in the bidding process.