Initiation Agreement Signed for Canal del Dique restoration project in Colombia

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Sacyr Concesiones and the National Infrastructure Agency (ANI), have signed the act of initiation of the contract for the recovery of the degraded ecosystems of the Canal del Dique project in Bolívar, Colombia. 

With an investment of US$3.2 Billion, Sacyr will oversee the project through Ecosistemas del Dique under a 15-year concession divided into 3 stages:

  • Pre-construction (18 months);
  • Construction (4 years and 3 months); and
  • Operation and Maintenance (9 years). 

The concessionaire will undertake ecosystem restoration, canal maintenance, and other interventions to mitigate flooding risks and enhance the well-being of local residents. The project includes the construction of two lock and gate complexes in Calamar and Puerto Badel. These structures will enable the regulation of water flow, control saline intrusion, combat shoreline erosion, and reduce sedimentation in the bays of Cartagena and Barbacoas. 

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