Colombia approves US$8.6bn for 8 highways

Friday, November 14, 2014

Colombia's social and economic policy council Conpes has approved the disbursement of 17.2tn pesos (US$8.6bn) to build eight highways, La República newspaper reported.

The projects are part of the second wave of tenders under the government's US$25bn highway masterplan to build 8,000km of new roads.

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Among the projects that could be first in line are the Bucaramanga-Barrancabermeja, Rumichaca-Pasto and Santander de Quilichao-Popayán highways.

The largest projects in the pipeline are the 1.5tn-peso Autopista al Mar 1, the 1.57tn-peso Autopista al Mar 2 and the 1.58tn-peso Villavicencio-Yopal highway.

Among dozens of companies prequalified for at least one of the projects are Spanish firms Sacyr, OHL, Cintra and Ferrovial; France's Vinci; Brazil's Construtora Andrade Gutierrez and Odebrecht; and Peru's Graña y Montero.

Vice president German Vargas said the government plans to submit 10 more highways for approval in February.