The Colombian government has set in motion an ambitious US$25bn fourth generation concession investment programme in which the “first wave” of US$6bn will comprise five development projects as follows:
- The US$500m, 147km Cartagena-Barranquilla Road Concession.
- The US$1.95bn Pacific Connection to improve the transport connectivity between Medellin, Cali and Colombia´s Pacific coast.
- The US$500m, 199km road triangle connecting the Girardot, Honda and Puerto Salgar Triangle municipalities which are located less than a three hour-drive from the nation´s capital, Bogota.
- The US$535m, 153km East Perimetral Road – a key connection between Boyaca and Meta (both located in the geographic centre of the country), avoiding transit through Bogota, and thus shortening transport times.
- The US$473m Double lane roadway from Mulaló to Loboguerrero which will directly benefit Colombia’s south-western industrial region of Valle.
Concessions have been already awarded to private companies which will in turn start to develop civil works by the end of 2015, after being granted the required environmental licenses.
The second phase