Colombia’s FDN approves financing for 4G projects

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Colombia’s FDN approves financing for 4G projects

Colombia’s FDN has announced its participation in two projects part of the second phase of the fourth generation (4G) Program of highway concessions.

In addition, FDN has also confirmed that it will support through bank guarantees Odinsa and Construcciones el Condor, companies that have won projects of the 4G concessions program.

The projects are Santander de Quilichao - Popayán highway PPP project and Santa Ana - Mocoa - Neiva highway PPP project.

As we reported in May, Colombia's National Infrastructure Agency, ANI, awarded the Santander de Quilichao - Popayán road to Estructura Plural Hidalgo e Hidalgo consortium, composed of Hidalgo e Hidalgo Sucursal Colombia, Hidalgo e Hidalgo Colombia SAS, Cass Constructores & Cia SCA and Carlos Alberto Solarte Solarte.

The project involves the development of a new 76 km road that includes, among others, the development about 23 bridges and 21 junctions. The total project investment is estimated at P1,200 billion (US$470.6 million).

The road will improve the mobility of the southwestern region as well as the connection with Ecuador. The travel time between Santander de Quilichao and Popayán is expected to be reduced from 2 hour to 1 hours.

The second project, Santa Ana - Mocoa - Neiva highway, was signed in August by ANI and Infraestructura Vial para Colombia.

Infraestructura Vial para Colombia consists of the following firms: Controladora de Operaciones de Infraestructura S.A  de CV (35 %), Cass Constructores y Cia (20%), Carlos Alberto Solarte Solarte (20 %), Estyma (10%), Latinoamericana de Construcciones (10 %) y ALCA Ingeniería (5 %). 

The project involves the development of 22 km of four-lane highway, 32 km of two-lane highway and the upgrade of a 422 km road. It also includes the development of 3 tunnels and 53 bridges and viaducts. The road is expected to reduce travel time between Bogota and Quito by 6 hours from 26 h to 20 h. The total project investment is estimated at P$1.5 billion (US$482.8 million).

The second wave of 4G highway projects includes 10 concessions. 4G involves the construction of 8,000km of roads, including 1,200km of four-lane highways, with the majority of projects to be carried out as PPPs.

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