Colombia's National Infrastructure Agency (ANI) has signed the contract for building the third lane on each direction on the Bogotá - Girardot road through a PPP project​ to the team Estructura Plural Vías a Girardot.

As we reported in mid August, the project was initially awarded to the consortium formed by Industrial Conconcreto (30%) and Constructora Conconcreto (70%). Later on, we informed that VINCI acquired a 50% stake in the 3rd Lane Bogotá - Girardot PPP project in Colombia, being now the shares in the consortium like this: VINCI Highways (50%), Constructora Conconcreto (25%) and Industrial Conconcreto (25%).

The total amount of the contract is estimated at COP 4.2 billion (US$1.46 billion).

The Bogotá-Girardot 3rd lane Toll Road is one of Colombia' busiest, with 15.3 million vehicles in 2015. The road itself exists for more than 50 years and is operated as a concession since 2005. More than 37% of its revenues come from heavy traffic (it connects Bogotá with the main artery for Pacific ports). 

The project involves the design, financing, construction, operation and maintenance of the 141 km of highway, including the addition of 65 km of third lanes and the construction of 2 km of 4 bidirectional tunnels. The project as of today includes 2 major intersections, a 4.2 km tunnel, 17 bridges, 34 pedestrian bridges, 4 viaducts and 2 operational centers. The project is a self-sustained PPP based on toll revenues (it has already 2 toll stations installed since 2005).

The construction works are estimated to last 5 years and will be carried out by a joint-venture consisting of VINCI Construction Grands Projets / VINCI Construction Terrassement (50%) and Conconcreto (50%). The whole infrastructure will be operated and maintained by the concessionaire.