Colombia readies US$8bn second round of highway tenders

Tuesday, November 25, 2014

Colombia is due to launch by year-end the second tender round of the country's US$25bn highway plan, dubbed 4G.

President Juan Manuel Santos said the next wave of 4G highway concessions will require a total investment of 17.2tn pesos (US$7.96bn.)

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The first round is set to finish on December 5 with the tendering of the 1.47tn-peso Mulaló-Loboguerrero highway. This will connect Valle del Cauca department with Buenaventura port on the Pacific coast.

The overall 4G plan involves the construction of 8,000km of roads, including 1,200km of four-lane highways, with most of the projects to be carried out via public-private partnerships (PPP).

In related news, the government said it had kicked off works on the 1.2tn-peso Transversal Río de Oro-Aguaclara-Gamarra highway project, a corridor connecting Norte de Santander department with the Atlantic coast.