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On May 7th 2014 Colombia's Magdalena regional river corporation Cormagdalena formally launched the bidding process for the Magdalena River Project.
In April 2013, nine consortia had submitted qualification documents for the project. Later, in late May Cormagdalena announced that three consortia had been shortlisted:
Colombia's Confis approved US$1.3 billion for the execution of the project.
The shortlisted firms will have until July 4 to submit their proposals and Cormagdalena aims to award the project on July 24th.
The model of the contract is a public-private partnership for the design, construction, finance, operation, maintenance and of the project.
Once the project is complete, the river would have a depth of seven feet and could transport convoys of up to 7,200 tons (the equivalent of about 234 trucks). It will be the main project of transportation infrastructure in the Colombia's history.
See tender documents (Spanish):