Concession in Colombia

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Investors information

THE GRUPO ORTIZ CONSORTIUM HAS BEEN AWARDED A HIGHWAY CONCESSION IN COLOMBIA, WITH AN INVESTMENT AMOUNTING TO EUR 424.3 MILLION

 

The National Agency for Infrastructures, within the Ministry of Transport of Colombia, has awarded GRUPO ORTIZ, through its Branch in Colombia, the Concession Contract under the Public and Private Association Regime of the Northern Connection Highway, which is part of the Project "Autopistas para la Prosperidad" (Highways for Prosperity). GRUPO ORTIZ is part of the winning Consortium called “Autopistas del Nordeste SPV” together with the Colombian companies KMA Construcciones, S.A., Equipo Universal, S.A. and Valores y Contratos, S.A.

 

The amount of the awarded concession comes up to EUR 2,787.7 million, with a validity term for the concession of 25 years.

 

The Highway Project called "Conexión Norte" includes the section Remedios-Zaragoza-Caucasia, with a projected length of 145 kilometres for which the construction of 96 bridges is foreseen. This is a strategic project for the improvement of the communications and competitiveness of the Caribbean Coast, Antioquia and the centre of the country. Said project will lead to significant savings in communication times by road in that area of the country. Additionally, it is a project which will generate a very remarkable increase in employment rates within the region; it is estimated that between three and four thousand direct jobs will be created.

 

The aforementioned projects are framed within the scope of the expansion and diversification policy of GRUPO ORTIZ in Latin America, where it already has branches in countries such as Peru, Colombia and Mexico.

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