Colombia announces two more road concessions under private initiatives
The government of Colombia, through the National Infrastructure Agency (ANI), has announced two PPP projects that will be developed through private initiatives, a road project between Zipaquirá and Barbosa and another road project between Buga and Buenaventura.
Due to low oil prices, the government cannot commit to more PPP projects with public resources and the government is finding in the private initiative a very good tool to keep the pipeline of projects active. Luis Fernando Andrade, ANI's President, said in a press release that the Government planned to to tender those projects under public initiative but it was not possible due to the current economic climate.
The Buga - Buenaventura road PPP project would involve the works to finish a dual carriageway between Buga and Mediacanoa and the development of the dual carriageway in the Buenaventura bypass. A team composed of Solarte and Conconcreto is currently working on this road project.
The Zipaquirá - Barbosa PPP project would involve the development of the dual carriageway between Zipaquirá and Chiquinquirá. A team composed of Solarte and ICA is currently working on this project.
The projects would be part of the Colombian Fourth Generation (4G) road concessions program. This ambitious programme includes about 40 projects to build approximately 8,000 km with a total investment of US$17.5 billion.
The Colombian government is currently working on the second wave of 4G highway projects, which includes a total of 9 concessions.