On August 12th 2016, Colombia’s National Infrastructure Agency (ANI) awarded the project 3rd Lane Bogota-Girardot: a public-private partnership (PPP) contract with a term of 30 years for the addition of 65 kilometers of 3rd lane and the operation of 141 kilometers of the highway between Bogotá and Girardot, in Cundinamarca and Tolima Departments in Colombia.
The construction works, the addition of 65 kilometers of third lanes and the construction of 2 kilometers of 4 bidirectional tunnels, are estimated to last 5 years and will be carried out by a joint-venture consisting of VINCI Construction Grands Projets / VINCI Construction Terrassement (50%) and Conconcreto (50%). The whole infrastructure will be operated and maintained by the concessionaire, formed by VINCI Highways (50%), Constructora Conconcreto (25%) and Industrial Conconcreto (25%).
In July 2015, VINCI has announced a strategic partnership with Constructora Conconcreto, a leading Colombian construction and real estate development company. The partnership involves VINCI’s acquisition of a 20% stake in Constructora Conconcreto via a reserved capital increase. VINCI’s ambition is to put down long-term roots in Colombia, one of the most dynamic countries in South America. For about a decade, the country has regularly recorded annual GDP growth in excess of 4%. The construction sector is particularly promising, with volume expected to increase by 5% annually in coming years.
