Location: | Bogotá and surrounding area, Colombia |
Owner: | Colombia's National Infrastructure Agency (ANI) |
Development Company: | Project sponsored by Shikun & Binui and Infrared Fund Finances |
Project Status: | Three road segments are in the operational phase, following the successful completion of construction, and additional two segments are under rehabilitation |
The project's total value of $790 million was sponsored by Shikun & Binui Concessions and Infrared Fund Finances with the sponsor's equity and a syndicated loan with the Inter-American Development Bank (IDB) and four local financial institutions.
This project included multiple bridges up to 270 ft, inclined box culverts, and massive slope stabilizations. It also involved the mobilization, logistics, and earthwork plan including the renovation and operation of a quarry (4000 cy/day) with drilling and blasting operations. Additionally, the project contractor was responsible for the land acquisition to guarantee the right-of-way for the project. The project was phased to minimize lane closures, maximize mobility during construction, and promote safety. The project connects directly with Bogotá, so continued mobility of high traffic volumes was vital, and the use of social media platforms and communication channels to spread awareness of the project and alerts on lane closures and traffic restrictions was key.
The term of the concession is 25 years, extendable up to 29 years for a shortfall in traffic. The operation portion of the project includes three toll plazas in operation, and three weigh stations.
The project is located across environmentally protected areas with fragile flora and fauna and unique conditions near páramo zones (moor highlands). The environmental plan included the required permits and licenses, an impact mitigation plan on the use of natural resources, and an environmental compensation plan to protect valuable species of flora and fauna and hydric resources.
The project spans urban, suburban, rural, and remote areas impacting communities with diverse socioeconomic conditions. It also supports local communities by prioritizing the hiring of local workers. Additional support was given to small businesses in the area.
Social management programs in the impacted regions focus on user support, workforce recruitment, staff training, information and participation, community training, and institutional management projects. Additionally, the sponsors currently support two economic development projects: one with seamstresses from the northern area and another with a coffee foundation involving over 50 southern region families. Other initiatives include road culture campaigns, archaeology preservation and socio-land management.