MegaProject 549: Colombia greenlights PPP model for Bogota LRT
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Colombia's Empresa Férrea Regional S. A. S., the public company in charge of the management and planning of the region of Cundinamarca's public transport, has decided to develop Bogota South Corridor light rail project through a public private partnership (PPP) model.
The PPP project was originally proposed by Regiotram, a German rail private operator.
A team of consultants composed of Ferrocarril de la Generalitat Valenciana (FGV), Vossloh España and Torrescámara are advising the public company and have selected a PPP structured for the project in the pre-feasibility study. The consultants, who will continue the feasibility studies for the project, have worked through a Colombian company named Silk Banca de Inversión. The consultants will have a period of eight months to complete the detailed studies.
The new LRT system would be composed of 2 lines, a first one between Sabana station and Facatativá and a second one between Sabana station and Soacha.
The first line between Sabana station and Facatativá would have a total of 17 stations, 12 of them will be located in the city of Bogota and the remaining 5 will be located in Sabana. It would also include a link between Fontibón and El Dorado airport. It is expected that this line will be used by a total of 8100 inhabitants of Bogota and approximately 391,000 inhabitants from other municipalities.
The second line between Sabana station and Soacha would have a total length of 18.1 Km and a total of 18 stations. It is expected that this line will have capacity to transport a total of 90,000 passenger per day.
The new LTR system is expected to be used by about 78.3 million passengers in its first year of operation.
Bogota has a population of 8,850,000 inhabitants and along with its metropolitan the population is over 13 million in 2015. It is the fastest growing major city in Latin America, and is expected to have around 25 million inhabitants by 2038. In terms of land area, Bogota is the largest city in Colombia, and one of the biggest in Latin America.
We have recently reported about several transport projects in Colombia:
- Barranquilla International Airport concession
- Sea highway 2 ('Autopistas de la Prosperidad' package)
- Antioquia - Bolívar road PPP project
- Neiva - Girardot road concession
- Magdalena River highway 1 ('Autopistas de la Prosperidad' package)
- Sea highway 1 ('Autopistas de la Prosperidad' package)