Friday, July 25, 2014

Colombia: Colombian-Israeli Consortium Awarded US$463 Million Roadway Project

According to The Latin American Tribune, Colombian-Israeli consortium Shikun & Binui-Grodco has been awarded a concession to build a highway on the eastern outskirts of Colombia’s capital of Bogotá, the National Infrastructure Agency (ANI) said.

The winning bid amounted to 856 billion pesos ($463 million), “approximately 19% below the budget established by the government” to build the 153 kilometers (95 miles) of roadway, ANI said in a statement.

Residents of northern Bogotá will see their driving time to the Llanos Orientales, an important tourist destination, reduced significantly by two hours because they will no longer need to traverse the entire city, ANI President Luís Fernando Andrade said.

The highway will serve to “develop the region’s tourist, agricultural and poultry potential,” the official said.

The Perimetral de Oriente de Cundinamarca project is part of the Colombian government’s 49.5-trillion-peso ($26.8-billion) “Fourth Generation Concession Plan,” unveiled last year.

COMMENT: Shikun & Binui-Grodco beat out three other consortiums: Estructura Plural OHL Concesiones, Autopista Perimetral de Cundinamarca SPV and Infraestructura Vial de Colombia, ANI said.

The project involves a total investment outlay of nearly 1.1 trillion pesos ($595 million), which will create more than 7,000 direct jobs annually during the construction phase, and will benefit nearly 3,000 inhabitants of the eastern part of Cundinamarca province, where Bogotá is situated.