Colombia awards fifth private initiative in road sector

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Colombia awards fifth private initiative in road sector

Colombia's National Infrastructure Agency (ANI) has awarded the Cambao - Manizales road PPP project to Consorcio Alternativas Viales.The winning team had submitted an unsolicited proposals for the road project. It is composed by: ICEIN, Mota Engil Engenharia e Construcao SA Sucursal Colombia, GAICO, FORTRESS, and ALCA.The project involves the upgrade, finance, operation and maintenance of a 256 km road. The project is divided into five stretches: Ibagué - Armero with 76, 1 km, Cambao - Armero - Mariquita - Honda with 70,6 km, Armero - Líbano / Líbano bypass / Líbano - Murillo with 55,1 Km, Murillo bypass / Murillo - Alto de Ventanas with 24, 7 km, and Alto de Ventanas - Termales del Ruiz - La Esperanza with 29,9 km.The total project investment is estimated at P527 billion (US$210.6 million).The project is expected to be operational by 2019. When the new road is operational, the travel time will be reduced about a 50%.

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