Colombian National Real Estate Agency (ANI) has recently revealed that it has awarded the transaction advisory services for the Edificio de Transición (ET – CAN) government building PPP project to the consortium formed by PricewaterhouseCoopers (PwC), ICEACSA Group, a Spanish civil engineering consulting firm, and the Colombian investment banking and financial advisory firm Bonus Banca de Inversión.

The contract for the technical, financial and legal structuring of the project implementation will have a value of C$2,019,490,049 (US$0.7 million). The duration of the contract is one year, of which four months will be used to structuring the tender process and the remaining will be spent as part of the transaction advisory.

The team has beat competition for structuring the transaction advisory from the consortium formed by Mcbains, Duran & Osorio and Deloitte.

ET-CAN is a 104,000 m2 building, which will house ministries and agencies located in the National Administrative Center. The redeveloped facilities will house more than 6,000 government's officials and will have capacity to receive 1,800 visitors. The building will be designed by the Architect Daniel Bermudez.

ANI has scheduled the beginning of the bidding process to award the construction of the first building for the last semester of 2016 with the construction work starting in the first half of 2017.

Claudia Luque, Director of the Agency, said:

"This has been an important step for the Edificio de Transición (ET – CAN) project. We were looking for a team that had experience in the comprehensive structuring of infrastructure projects, both nationally and internationally. Additionally it should demonstrate successful results through PPPs that would have been awarded by these models. We believe that we have found it and that the first building is already a fact."