The National Infrastructure Agency (ANI) has agreed to the early termination of the Concession Contract regarding the Bucaramanga - Pamplona project in Colombia.
The early termination is due to the failure to meet obligations set by the National Environmental License Agency (ANLA) for the Functional Unit. The project required evidence of consultation with local authorities, but despite extensive efforts, an agreement on the use of industrial roads with Floridablanca's Mayor's Office couldn't be reached. This constitutes an Event Exempt from Liability, halting the project's progress and invalidating the Works Plan, thus affecting overall execution and financing.
During the reversal stage, ANI and the concessionaire Autovía Bucaramanga Pamplona SA have agreed to perform various interventions at critical points along the Bucaramanga-Pamplona corridor to ensure road operation and passability, with a budget of US$ 25,000 allocated for this purpose. Additionally, until the corridor reverts to Invías, the concessionaire will continue operating and maintaining the road corridor while executing these critical interventions.