CORMAGDALENA has officially announced the list of national and international candidates that submitted qualification documents for the Magdalena River Project.

The Magdalena River PPP consists of redirecting water flow, dredging and other works in the stretch between Puerto Salgar/La Dorada and the mouth of the river in Bocas de Ceniza, Barranquilla (256 Km), for up to ten years. The model of the contract would be a public-private partnership for the design, construction, operation, maintenance and finance of the project, according to documents published.

Nine consortia have submitted qualification documents:

• Power Construction Corporation of China;
• China Harbour;
• Acciona, Jan de Nul, Consultores del Desarrollo and Castro Tcherassi.
• SF Río Grande: Conconcreto, SNC Lavalin and Dredging Internacional
• Navegabilidad RM SAS: Ortiz Construcciones y Proyectos S.A., CYES, Rohde Nielsen and Infracon.
• Coderma: Iridium Colombia Desarrollo de Infraestructura SAS (ACS), Van Oord Colombia SAS, RM Holding SAS and Juneau Business Inc
• PSF Navelena: Odebrecht, y Valores y Contratos Valorcon
• PSF Aguas Navegables del Magdalena: Hidalgo e Hidalgo, Asesores Financieros Andalucía, Mercovial and Supercemento.
• Consorcio Fluvial del Magdalena: FCC Construcciones and Estudios and Proyectos del Sol Episol

CORMAGDALENA will announce on May 7th the final list of bidders who will submit final bids for the project.

On February 11th, 2013, the Colombian public corporation Corgmagdalena published the pre-qualification documents for the Public Private Partnership contract "Recovery of Magdalena River's Navigability".

The Colombian government will contribute US$386 million for the project. Corgmagdalena's advisor is local investment bank Bonus.