Colombian firm proposes US$595mn PPP

Colombian construction firm KMA proposed a 1.86tn-peso (US$595mn) road improvement program to the city of Cartagena de Indias (Bolívar department). KMA wants to upgrade the road from the city to the port area.

Works would be executed under a PPP model.

In its presentation, KMA said the project already passed the pre-feasibility stage. The proposal even includes the financial model, traffic estimations and investments needed, daily Dinero reported.

Main works include building a 2.2km four-lane corridor near the Quintas marsh, a new intersection between Quinta de Manga avenue and the port's main cargo corridor, improving intersections operated by SPRC in the area and widening a stretch between the Bazurto bridge and El Bosque avenue, among others.

If approved, the project will be tendered so other companies can bid.

KMA is currently executing two highway projects under the 4G concessions program, the Sisga transversal road and the second section of the Caribe route. The firm didn't immediately reply to a request for comment.