The National Infrastructure Agency of Colombia has awarded Ferrovial Agroman a consortium contract that will design, construct, fund, operate and maintain a route on the Bucaramanga-Barrancabermeja-Yondo toll road.
The consortium’s other members include Colpatria, a group in Colombia, and Ashamore, a fund for infrastructure in Colombia. Cintra will also assist in developing this project through maintenance and operations.
The route, which extends more than 90 miles, requires investments of over $973 million. The concession is scheduled to last for 25 years and includes an optional four-year extension for the project.
The contract requires that the route be resurfaced, refurbished and newly built. A large portion of the new route, between Barrancabermeja and Bucaramanga, will have two lanes in each direction. There will be two new tunnels as well as 34 new bridges and viaducts. Managing this infrastructure will heighten the communications between Colombia’s major oil-producing regions and the nation's eastern area.
All of these changes will improve the region’s traffic conditions, enhance employment, benefit the local supply chain, and improve economic development opportunities throughout eastern Colombia, as this is the area where much of the country’s oil product is based.
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