IDB announces support to Colombia's concessions program
The Inter-American Development Bank (IDB) has expressed interest in financing Colombia's fourth generation of highways concessions (4G).
Luis Fernando Andrade, the President Colombia's National Infrastructure Agency, received a letter from IDB's Chief of Infrastructure Finance, Jean - Marc Aboussouan, expressing the interest.
In that letter, the IDB indicated that it will consider providing long-term loans and guarantees of up to 25 percent of the total cost of each project, but with a limit of US$200 million per project.
Colombia has commenced the transformation of the road infrastructure sector. The idea is to eliminate the backlog accumulated through many years, to integrate the country and improve its competitiveness in the face of Free Trade Agreements (FTA). By the end of this decade Colombia will have made a significant qualitative and quantitative jump in the area of road infrastructure.
This is the reason behind the development of the Fourth Generation (4G) of the Road Concessions Program. This ambitious program includes 40 projects to build some 8,000km with a total investment of US$25 billion during the course of the next seven years. Projects will be carried out under a Public Private Partnership (PPP) approach and will furnish a road infrastructure more suitable to the economic development of the country.
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April 11, 2014
Alstom and SNC Lavalin prepare Feasibility Study of Bogota tram project
France's Alstom and Canada's SNC Lavalin have announced that they were accepted by the government of Bogotá to conduct the feasibility studies of a tramway project in the city. Read more -
April 14, 2014
Only two consortia bid for Colombia's first highway concession
Only two consortia submitted technical and economic offers for Colombia's US$784 million Girardot-Puerto Salgar highway concession. Read more -
April 16, 2014
FINTRA closes $385 million acquisition of stake in Ocensa, Colombia's largest oil pipeline
Darby Private Equity, the private equity arm of Franklin Templeton Investments, announced on april 1st that its Colombian-based Fondo de Infraestructura de Transporte de Colombia (FINTRA), together with two co-investors, acquired 5% of Oleoducto Central S.A. (OCENSA) and 5% of the pipeline's transportation rights from Pacific Rubiales Energy Corp. Read more -
April 21, 2014
Two bidders submit bids for conexion pacifico 1
The Colombian National Infrastructure Agency (ANI) has announced that two consortia have submitted bids for the Pacific Connection highway concession 1 (Autopistas de la Prosperidad). Read more -
May 02, 2014
Only one bidder for conexion pacifico 2 PPP
The Colombian National Infrastructure Agency (ANI) has announced that it has received only one bid for the Pacific Connection highway concession 2. Read more
