Colombian court cancels concession contract for Ruta del Sol II highway project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Arbitration Court of the Chamber of Commerce of Bogotá has canceled the concession contract signed for the Ruta del Sol II toll road highway project in Colombia. The law case for Ruta del Sol II project that has started four years ago, and the concession contract was suspended after the corruption scandal with the Brazilian firm Odebrecht, one of the members of Concessionaire Ruta del Sol SAS, in 2016.

The court has unanimously decided and declared the absolute nullity of the contract due to abuse and deviation of power of the Concession Contract granted for the project. The concession was signed by the National Infrastructure Agency (ANI) and Concessionaire Ruta del Sol SAS. 

The decision of the court ordered the State to pay COP 211,373 million (US$ 61.7 million) to the Ruta del Sol Concessionaire, whose members are Odebrecht, Episol de Corficolombiana, and CSS Constructores. This amount must be used to pay debts with third parties in good faith, among which are employees, suppliers and banks. This amount will come from the trust fund of the Ruta del Sol Concessionaire, which contains COP 187,056 million (US$ 25.4 million). It means that the State, represented by the National Infrastructure Agency has to pay COP 24,217 million (US$ 7 million). This is much lower amount than was estimated by experts before the arbitration.

List of the country updates

Country updates

  • August 06, 2019

    Refinancing of a major road project in Colombia achieved 

    Autopistas al Mar 2 road PPP project in Antioquía, Colombia has achieved refinancing and presented the credit contract to the National Infrastructure Agency (ANI) what certifies its financial c...

    Read more
  • July 19, 2019

    Financial Close for USD 561 million highway PPP in Colombia

    The Concessionaire Vial Union del Sur, led by Sacyr Concesiones, has closed the financing of the Rumichaca-Pasto highway PPP project for a total of 1.8 billion pesos (USD 561 million). The closure gua...

    Read more
  • July 15, 2019

    Tender process begins for Regiotram de Occidente

    The publication of the specifications that serve as the formal launch of the bid process for the building and operation of the Regiotram de Occidente commuter train in Bogotá, Colombia has take...

    Read more
  • July 04, 2019

    Metro de Bogota opens tender for Bogotá Metro Line 1 project

    Empresa Metro de Bogotá (EMB) company in Colombia has opened the tender and procurement process for the development, design, financing, construction, operation, and maintenance of the COP 12 bi...

    Read more
  • June 18, 2019

    USD 680 million railroad development in Colombia

    National Infrastructure Agency (ANI) in Colombia is planning a tender of Chiriguaná - Dibulla rail corridor on PPP procurement model. The project involves the development of 328....

    Read more

Share this update