The Colombian National Infrastructure Agency (ANI) has awarded the Magdalena River highway 2 concession to Estructura Plural OHL Concesiones.
The winning consortium is composed by OHL Concesiones S.A.S (60%) and OHL Concesiones Chile S.A (40%). The team beat out competition from SAC VT, a consortium formed by SACYR Concesiones Colombia S.A. (43,13%), MC Victorias Tempranas S.A.S (30%) and RM Holdings S.A.S (26,87%).
The total project investment is estimated at US$1.37 billion. The preferred bidder requested a total of US$948 million from the Colombian government which is a 11.39% less than the initial government estimate, US$1.06 billion.
The road PPP project belongs to the 'Autopistas para la Prosperidad' highway project package. The concession project includes the Remedios - Alto de Dolores - Puerto Berrío stretch. The new highway will have a total length of 144 km.
The construction project involves the development of 2 tunnels with a total length of 310 m and 79 bridges, one of them in Puerto Berrío with 1,480 m length. The project also involves the development of the Puerto Berrio bypass.
The Autopistas para la Prosperidad highway package includes nine concessions. The total investments will exceed 13 trillion pesos (US$7.1 billion) and will feature contributions from the national government through the ANI, the Government of Antioquia and the Government of Medellín.
These road concessions will allow Colombia's Atlantic Coast and Antioquia to connect efficiently with the "Eje Cafetero" and the Cauca valley, decreasing in 7 hours the travel distance between Medellin and Buenaventura port.
As part of the Autopistas para la Prosperidad, ANI signed in mid September Pacific Connection highway concession 1 and Pacific Connection highway concession 2. ANI also awarded on 17 October 2014 the Connection North highway concession, and on 15 July 2014 the Pacific Connection highway concession 3.