Concession awarded for USD923.72 million Road PPP project in Colombia

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Concession awarded for USD923.72 million Road PPP project in Colombia

The National Infrastructure Agency (ANI) has awarded the concession contract to Sacyr Concessions for the improvement of dual carriageway works of the Buga-Buenaventura highway project in Colombia. The 128 km long corridor connects Buga to Buenaventura, Colombia and is a part of the Bicentennial-5G Concessions program.

Sacyr concessions will be responsible for works on the 128 km multi-lane highway and the development of a 116.1 km long second lane along the main highway. The concession also includes the rehabilitation of 15 km of the Simón Bolívar road, the development of two tunnels with a total length of 1.4 km as well as reequipping of 17 existing tunnels with a total length of 9.3 km.

The contract is valued at EUR900 million (US$922.93 million), out of which EUR500 million (US$512.74 million) is allocated to construction works and the remaining EUR400 million (US$410.19 million) will be utilized during operation and maintenance works.

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