With resources of $8.9 billion, all 5G companies achieved financial closure

The country’s concessioned transport infrastructure projects continue to set milestones.The six Fifth Generation initiatives have financial closures totaling $8.9 billion. These resources guarantee its consolidation in view of the start of the works.

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These projects are: Magdalena Trunk Roads 1 and 2 corresponding to Puerto Salgar – Barrancabermeja and Sabana de Torres – Curumaní respectively; the Western Longitudinal Avenue South Section (ALO South) and Northern Access Phase II, which are currently are in the pre-construction phase.

While the New Road Network of the Cauca Valley: Cali – Palmira Access Corridor and the Buenaventura – Loboguerrero – Buga project have already begun the construction phase.

“This is good news for the country, the financial closure of all 5G projects confirms the solidity of the country’s strategic road infrastructure. It is important to note that Public-Private Partnerships (PPP) have enabled the construction of modern, sustainable and reliable infrastructure. Likewise, they are a mechanism for developing projects to offer better quality services, through activities that include financing, construction, operation and maintenance of the nation’s assets,” explained Francisco Ospina, president of the ANI.

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He added: “Concessions under the PPP model have contributed to economic growth, thanks to the investment that has been diversified with the participation of different sources such as international and local banks, as well as investment banking, which translates into confidence to advance large-scale projects.”
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The Magdalena Trunk 1 project, which includes 259.6 kilometers between Puerto Salgar (Cundinamarca) and Barrancabermeja (Santander), reached an agreement for $2.3 billion. Meanwhile, the Magdalena Trunk 2, the Sabana de Torres (Santander) – Curumaní (Cesar) highway corridor, obtained financing worth $2 billion.

The Northern Access Project Phase II accredited financial closure for a value of $700 billionwith which it ensures financing for the expansion works on the Autopista Norte between Calle 192 and 245, Carrera Séptima between Calle 201 and 245 and the Perimetral de Sopó.

The Western Longitudinal Avenue Road Project, Southern Section ‘ALO Sur’, includes interventions on 24.5 km of road between Chusacá (Soacha) and Calle 13, in Fontibón. It achieved $940 billion in funding.

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New road network of the Cauca Valley, Cali – Palmira accesses

National Infrastructure Agency

The New Road Network of the Cauca Valley – Cali-Palmira Accesses, includes the construction, improvement and rehabilitation of 310 km of the road that will connect Buga, in the Cauca Valley, with Santander de Quilichao, in Cauca, its progress is 10.89%. This project obtained its financial closure through $1.5 trillion in funding.

For its part, the New Road Network of the Valle del Cauca corridor Buenaventura – Loboguerrero – Buga recently accredited financial closure for $976 billion pesos for the reference month, equivalent to $1.3 trillion in current currency, which led to the start of the construction phase on August 16, 2024. This project has a length of 128 km and seeks to improve mobility from the port area of ​​Buenaventura, one of the main logistics corridors for international trade, and connectivity with the interior of the country.

Paula Galeano Balaguera
Portfolio Journalist