PPP transportation infrastructure
projects in Colombia
Luis Fernando Andrade Moreno
President, National Infrastructure Agency
Agenda
 Institutional Framework for PPP in Colombia
Investment in transportation infrastructure
What is the 4G program?
 Railways concessions program
 Financing requirements
Agenda
 Institutional Framework for PPP in Colombia
Investment in transportation infrastructure
What is the 4G program?
 Railways concessions program
 Financing requirements
Institutional framework for PPP
In transportation infrastructure
- Political and planning guidance
- Project approvals
Ministry of Transport
Harmonization of infrastructure development plans
National Infrastructure
Agency
Technical endorsement of the
projects
National Planning
Department
Approval of government contributions
-Risk structure and valuation Approval
-Payment of government contributions
Fiscal Policy
Council
Ministry of Finance
Ministry of
Environment
and Sustainable
Development
Port and
Transport
Superintendence
Public Ministry
and Fiscal
Comptroller
Office
Environmental
policies and
licenses
Surveillance of
service standards
and availability
Administrative
and treasury
audits
- Management of Contingency Fund
- Fiscal capacity analysis
4
Agenda
 Institutional Framework for PPP in Colombia
Investment in transportation infrastructure
What is the 4G program?
 Railways concessions program
 Financing requirements
Agenda
 Institutional Framework for PPP in Colombia
Investment in transportation infrastructure
What is the 4G program?
 Railways concessions program
 Financing requirements
What is the
4G Program?
4G Concessions
Existing concessions
 Covers 7,000
km and over US$20 billion in
investments divided over 40 projects
•Four lane highways:
• Number of tunnels:
• Km of tunnels:
• Number of viaducts:
• Km of viaducts:
Over 1,370 km
141
125 km
1,300
146 km
 Technical specifications of the program allow for average
speeds of 80 km/hour in most corridors
Fourth Generation of Concessions
First Round
10 Projects Awarded
 Girardot - Honda - Puerto Salgar
 Autopista Conexión Pacífico 1
 Autopista Conexión Pacífico 2
 Cartagena – Barranquilla y Circunvalar de la Prosperidad
 Autopista Conexión Pacífico 3
 Perimetral del Oriente de Cundinamarca
 Mulaló – Loboguerrero
 Autopista Conexión Norte
 Autopista al Río Magdalena 2
 Ocaña Gamarra
More than US$4,6 billion
In investment
More than 1.100 km
Involved
Fourth Generation of Concessions
Second Round
9 Projects in bidding process
 Pasto –Rumichaca
 Villavicencio -Yopal
 Puerta de Hierro –Carreto –Palmar de Varela; Carreto –Cruz del Viso
 Santana –Mocoa –Neiva
 Santander de Quilichao –Popayán
 Autopistas al Mar 2
 Autopista al Río Magdalena
 Bucaramanga -Barrancabermeja-Yondó
 Transversal del Sisga
More than US$4,7 billion
In investment
More than 1.700 km
Involved
Fourth Generation of Concessions
Next projects
By Public initiative:
9 Projects in pre tender process
More than US$ 4 billion
In investment
By Private initiative:
3 Project awarded
5 Projects approved
16 Projects in Feasibility stage
More than US$6,2 billion
In investment
Fourth Generation of Concessions
Job Creation during Construction Phase
Direct
Indirect
TOTAL
Wave 1 and 2
92.992
61.994
154.986
Private Initiatives (advanced)
48.748
32.499
81.247
Wave 3
41.474
27.650
69.124
Private Initiatives (Early)
32.331
21.554
53.885
215.545
143.697
359.242
Number of Jobs
Fourth Generation of Concessions
Impact on the Economy
Potential Economic Growth
3
2010
2011
2012
2013
2014
2015
2016
2017
Current Scenario
Source: National Planning Department
2018
2019
4G Scenario
2020
2021
2022
2023
2024
Fourth Generation of Concessions
Socioeconomic Benefits
Improvement in travel times
Cali -– Cartagena
Savings in vehicle operation
33,33%
Medellín - Cartagena
Medellín - Cartagena
25,00%
46,67%
Medellín - Cali
Bogotá - Cartagena
26,48%
Bogotá - Buenaventura
27,27%
Bogotá -– Cali
26,83%
Bogotá - Medellín
15,67%
28,28%
Source: National Planning Department
29,73%
Medellín - Cali
Bogotá - Cartagena
16,57%
Bogotá - Buenaventura
17,32%
Bogotá - Cali
17,71%
Bogotá - Medellín
18,00%
Agenda
 Institutional Framework for PPP in Colombia
Investment in transportation infrastructure
What is the 4G program?
 Railways concessions program
 Financing requirements
Pto Bolívar
Railways
Concession Program
Dibulla
Santa Marta
Bquilla
Rail Strategy
1
2
3
4
Chiriguaná
Existing concessions or corridors in operation
Vizcaina
B/bermeja
Private initiative in process
La Dorada
Pre feasibility studies
No Pre feasibility studies
La
Ibagué
Armenia
Felisa
Zarzal
B/ventura
Neiva
Bogotá
Belencito
Agenda
 Institutional Framework for PPP in Colombia
Investment in transportation infrastructure
What is the 4G program?
 Railways concessions program
 Financing requirements
Financing requirements
The planned investments in PPP
projects by ANI will demand debt
resources close to US$ 22 Billion*:
$3,200 $3,200 $3,200
$2,880
$2,240
$2,560
$1,280
4G Concessions:
$15 billion
Railways:
$4 billion
Aiports:
$1,6 billion
Ports:
$1,6 billion
$1,280
* Data estimated in Millions of dollars
$0.3
2027
$0.4
2026
$0.4
2025
2024
2023
2022
2021
2020
2019
2018
2017
$0.6
2016
2015
$0.6
Financing requirements
Debt resources:
The Debt resources to finance the 4G program
(US$15 billion*) would be disbursed in the next
seven years
Each project financing needs between
US$320 and US$ 680 million
Part of the financing may be agreed in dollars
Dólares
US$11.2
6.8
US$3
.5
4.4
Public initiative
* Data estimated in Billion of dollars
Pesos
private initiative