The winning team bid for P856 billion (US$463 million), which is 19% under the proposed budget estimated by the government. The consortium is formed by Shikun & Binui Concesiones AG (37.5%), Colombiana de inversiones (37.5%) and CI Grodco S en CA Ingenieros Civiles (25 %).The team beat out competition from three other consortia shortlisted in early June. They are the following:
The public-private partnership contract consists of the design, construction, financing, operation, maintenance and reversing the East Cundinamarca bypass. The total investment for the project will be US$595 million. The term of the concession contract will be 22 years.
The fundamental purpose of the project is to develop and promote a 153 km north-south arterial road in the eastern sector of Bogotá in order to propose an alternative for mobility in this geographical location.
In early June 2014, we reported that the ANI had awarded the Pacific Connection highway concession 1 to the consortium composed of Iridium Concesiones (40 %) and Episol SAS (60 %); and in May 2014, ANI awarded the Pacific Connection highway concession 2 to the P.S.F Concesión La Pintada consortium, which was the only bidder for the project.