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
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