Three bidders present offers in Colombia's latest 4G road auction

Three bidders present offers in Colombia's latest 4G road auction

Colombia Project & Infrastructure Finance

Three bidders have presented offers for the Cucuta-Pamplona highway concession in Colombia, the latest auction in the third round of the 4G infrastructure program.

The national infrastructure agency ANI said it received proposals from a team comprising Spain's Cintra and Israel's Shikun & Binui, along with a competing offer from the local civil engineering division of China Constriction America (CCA) and another from Spain's Sacyr.

ANI puts the estimated project costs for the 170km road above COP1.5tn ($515m).

Sacyr has stakes in three 4G projects – the COP2.24tn Autopista al Mar 1, the COP2.32tn Pasto-Rumichaca highway and the COP1.24tn Puerto de Hierro-Cruz del Viso highway.

Shikun & Binui owns half of the COP1.65tn Corredor Via Perimetral del Oriente de Cundinamarca, which reached financial close in May last year. Cintra has 40% of the Ruta del Cacao concessionaire, which is developing the COP2.79tn Bucaramanga-Barrancabermeja-Yondo toll road.