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Project company Urabá SAS has secured financing for the Sea highway 2 (Autopistas al Mar 2) from Japan-based Sumitomo Mitsui Banking Corp. (SMBC).
This concession includes 254 km, 11 tunnels and 59 bridges. Specifically, the concession includes the development of a 17.7-km new road between Uramita and Dabeida, the upgrade of a 30.5-km road between Uramita and Cañasgordas, the upgrade of a 109 km road between Necoclí and El Tigre and the upgrade of 97-km road between Dabeiba - Mutatá and El Tigre.
The estimated investment for the project is COP1.5 trillion pesos (US$508 million).
This project seeks to improve the connection of the city of Uraba Medellin and the Pacific Coast.
The Ministry of Transport of Colombia and the national infrastructure agency, ANI, launched the tender for the process in October 2013 as part of 'Autopistas de la Prosperidad' package. This package also includes the Magdalena River highway 1.
As we reported in September 2015, the project was awarded to a China Harbour-led consortium. The team is composed of China Harbour Engineering Company Limited Colombia (30%), SP Ingenieros S.A.S. (20 %), Sonacol SAS (20%), part of Grupo Empresarial LHS, Pavimentar S.A. (15 %), Unidad de Infraestructura y Construcciones Asociadas S.A.S. (10 %) and Termotecnica Coindustrial S.A (5 %).
Colombia's national infrastructure agency (ANI) has announced it has signed a concession contract for the Accesos Norte de Bogotá road PPP with Consorcio Promesa de Sociedad Futura.
Read moreColombia's National Infrastructure Agency (ANI) has appointed the consortium formed by Spanish airport engineering firm Aertec Solutions, Mott MacDonald and Colombia's C&M Consultores to carry out the feasibility study, business strategy and the financial and legal structuring of ElDorado2 airport PPP project.
Read moreProject company Navelena SAS has achieved financial close for the Magdalena River Waterway PPP project by means of a financing package provided by Japan-based Sumitomo Mitsui Banking Corp. (SMBC). The total funding amount for the project reaches US$250 million.
Read moreColombian infrastructure company CSS Constructures S.A. has won the concession contract for the Matecaña airport new terminal project, delivered under PPP scheme.
Read moreColombia's national infrastructure agency (ANI) has awarded to Consorcio Promesa de Sociedad Futura the concession contract for the the Accesos Norte de Bogotá road PPP.
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