VINCI has announced it has acquired a 50% stake in the 3rd Lane Bogotá - Girardot PPP project in Colombia.

In August 2016, Colombia's National Infrastructure Agency (ANI) awarded the contract for building a third lane on each direction on the Bogotá - Girardot road through a PPP project​ to the team Estructura Plural Vías a Girardot. The team is formed by Industrial Conconcreto (30%) and Constructora Conconcreto (70%),

Following the announcement, talks occurred between the awarded consortium and VINCI's subsidiary VINCI Highways. After obtaining the approval of the ANI the final consortium will be formed by VINCI Highways (50%), Constructora Conconcreto (25%) and Industrial Conconcreto (25%). 

The total amount of the contract is estimated at COP 4.2 billion (US$1.46 billion).

The Bogotá-Girardot 3rd lane Toll Road is one of Colombia' busiest, with 15.3 million vehicles in 2015. The road itself exists for more than 50 years and is operated as a concession since 2005. More than 37% of its revenues come from heavy traffic (it connects Bogotá with the main artery for Pacific ports). 

The project involves the design, financing, construction, operation and maintenance of the 141 km of highway, including the addition of 65 km of third lanes and the construction of 2 km of 4 bidirectional tunnels. The project as of today includes 2 major intersections, a 4.2 km tunnel, 17 bridges, 34 pedestrian bridges, 4 viaducts and 2 operational centers. The project is a self-sustained PPP based on toll revenues (it has already 2 toll stations installed since 2005).

The construction works are estimated to last 5 years and will be carried out by a joint-venture consisting of VINCI Construction Grands Projets / VINCI Construction Terrassement (50%) and Conconcreto (50%). The whole infrastructure will be operated and maintained by the concessionaire.

In July 2010, VINCI announced a strategic partnership with Constructora Conconcreto, a leading Colombian construction and real estate development company. The partnership involves VINCI's acquisition of a 20% stake in Constructora Conconcreto via a reserved capital increase.

VINCI's ambition is to put down long-term roots in Colombia, one of the most dynamic countries in South America. 

This new operation follows the recent acquisition of the LAMSAC highway concession company in Peru and is a further demonstration of VINCI's dynamic expansion in Latin America.