The city of Bogota in Colombia has launched tender notice inviting private developers for the new district administrative center project under PPP scheme. 

The project includes financing, preparation of design and detail studies, construction, operation and maintenance of the New District Administrative Center - CAD in Bogota.

The new CAD building will have a total area of approximately 98,895 m2. The new building will accommodate 6,792 District officials present in various locations.

The concession period of the project is 25 years and the estimated investment required is COP10.8 billion (US$ 3M). The deadline to submit the response to the tender notice is August 15, 2019.

It will be the first time that the Public-Private Alliance - PPP model is used in the construction of a public building in Colombia.