Odinsa proposes multi-billion investment in Colombian airports

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

Grupo Argos' concessions subsidiary, Odinsa, has proposed to invest in two airport development projects in Colombia.

The first involves the expansion of Bogotá's primary international gateway, El Dorado airport. Grupo Argos owns a 65% controlling stake in the airport's concessionaire, responsible for its administration, operation, commercial exploitation, maintenance, modernization and expansion. Works proposed include the addition of a third runway and new passenger terminal.

Odinsa plans to invest US$3.2 billion in the project. The expansion would increase the terminal surface area from 240,000 to 400,000 square meters and the number of parking positions from 89 to 170.

The company is also proposing to construct a new airport terminal in Cartagena, a major port city and capital of Bolívar state located in the north. Odinsa has identified a 654-hectare site for the terminal, which will span 70,300 square meters.

If approved by the National Infrastructure Agency (ANI), the project would begin construction next year, with the new terminal to open in 2026. Odinsa predicts that the terminal would handle 11 million passengers in its first year of operations.

List of the country updates

Country updates

  • March 04, 2019

    Seven bids for US$4.4 billion Bogotá metro PPP

    The Bogotá Metro Company (EMB) has announced that seven consortia have submitted bids to prequalify to design, partially finance, construct, operate and maintain the&nb...

    Read more
  • February 07, 2019

    Colombian Transport Ministry initiates cancellation of highway concession

    Colombia's Ministry of Transport has declared the concession to upgrade, operate and maintain the Santana-Mocoa-Neiva highway corridor breached, initiating the cancellation process. In December, the...

    Read more
  • January 23, 2019

    US$4.4 billion Bogotá metro PPP to be awarded in September

    The General Manager of Bogotá Metro Company (EMB) has announced that the public-private partnership to design, partially finance, construct, operate and maintain the fi...

    Read more
  • January 21, 2019

    Elecnorte seeks IFC financing for power transmission PPP project

    Colombian company, Elecnorte S.A.S, is seeking a financing package from the International Finance Corporation (IFC) of World Bank for its planned electric power transmission project in La Guajira, nor...

    Read more
  • January 16, 2019

    Colombian government authorises US$200 million to highway concessionaire creditors

    The National Infrastructure Agency (ANI) of Colombia has authorised a second payment to creditors of the Ruta Del Sol 2 highway concession of COP627 billion (~US$200 million). The concession was awar...

    Read more

Share this update