The Bogotá Metro Company (EMB) has announced that seven consortia have submitted bids to prequalify to design, partially finance, construct, operate and maintain the first line of the city's metro system.
The 24km metro line will run on raised track through the so-called Caracas Corridor located in the south-west of Bogotá, where public transport demand is highest. 23 trains, each able to carry 1,800 passengers, will stop at 15 stations along the route and transport roughly 72,000 passengers per hour.
The seven bidding teams are:
A 25-year contract is scheduled to be awarded to the preferred proponent in September this year. The line is planned to begin operations in 2024.
The total cost of the PPP project is US$4.4 billion, of which US$1.1 billion must be provided by the private partner. The World Bank, Inter-American Development Bank (IDB) and the European Investment Bank (EIB) have all approved financing for the project.
The General Manager of Bogotá Metro Company (EMB) has announced that the public-private partnership to design, partially finance, construct, operate and maintain the first metro line in the city, estimated to cost US$4.4 billion, will be awarded in September.
Read moreThe Ministry of Transport of the government of Colombia and the national development bank Financiera de Desarollo Nacional (FDN) have announced that the Bucaramanga-Barrancabermeja-Yondó road project has reached financial close, having secured financing totalling COP1.68 trillion (US$527.4 million).
Read moreAs promised by the Mayor of Bogotá less than two weeks ago, the Bogotá Metro Company (EMB) has announced the opening of the tender to design, partially finance, construct, operate and maintain the first line of the city's metro system. The total cost of the PPP project is US$4.4 billion.
Read moreThe Inter-American Development Bank (IDB) has approved a US$600 million conditional credit line for the Bogotá Metro. The first loan of the credit line, amounting to US$70 million, will finance the construction of the first line of the planned system, which is to be undertaken by a private partner.
Read moreThe Autopista al Mar 2 (Autopistas de Urabá) project, which involves a 254km highway that will connect Cañasgordas to Necoclí, in Antioquía, a department in north-west Colombia, has reached financial close. The estimated total investment is COP2.57 trillion (US$891 million).
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