As stated on the project disclosure page, the IFC is considering an 8-year loan for up to COP$ 735,500mn (approximately US$150mn) for the 260 km-long “Puerto Salgar – Rio Sogamoso” concession between Puerto Salgar and Barrancabermeja in the regions of Cundinamarca, Boyaca and Santander in the northeast of Colombia. The concession is also known as “Troncal del Magdalena 1” or “TM1”, a brownfield toll road awarded in 2022 by Colombia’s National Infrastructure Agency through a competitive bidding process. The total estimated cost of the project is US$510mn. KMA Construcciones S.A.S, and Ortiz Construcciones y Proyectos S.A., which collectively form the “Autopista Magdalena Medio S.A.S.” or “AMM” group, with 50% each won the TM1 concession and will be the EPC Contractor as well.
TM1 was originally part of the “Ruta del Sol 2” concession awarded in 2010 to another consortium, which was stopped in February 2017 after completing some sections of the double lane highway and left others at different levels of progress. The new concession awarded to AMM, is approx. 45% brownfield and includes three phases: 1) pre-construction activities (i.e. road repairs to the existing road and preparation of the construction phase), 2) construction of a 123 km-long second lane and of eight bypass roads (a ninth bypass has been already built by the former concessionaire) to avoid passing through urban areas over a 47-month period, and 3) operations and maintenance for 24 years. The project is divided into 13 Functional Units (UF). Each UF is a section of the road that can be operated independently. The pre-construction phase will be completed in December 2023. Construction phase will immediately follow.
As stated by the IFC, the Project company is Autopista del Magdalena Medio S.A.S. (“AMM”), a special purpose vehicle incorporated in Colombia. AMM is owned by Ortiz Construcciones y Proyectos S.A. and KMA Construcciones S.A.S, with a 50% shareholding each. Grupo Ortiz is a leading Spaniard construction conglomerate with presence in 13 countries across Europe, LAC and Asia. The company operates +1,185km of toll roads including 282km in Colombia. KMA is a construction company in Colombia with 21 years of track record. The company has built +1,000km of toll roads in Colombia and is one of the top contractors for civil works, industrial buildings, water & sewage, and real estate.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Grupo Ortiz||Parent Company||Construction||owns||Autopista del Rio Grande S.A.S.||Client||Infrastructure|
|KMA Construcciones SAS||Parent Company||Construction||owns||Autopista del Rio Grande S.A.S.||Client||Infrastructure|
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - Autopistas del Rio Grande S.A.S.:
Local Access for Project Documentation:
AMM Headquarters: Calle 93b No. 19-21 Piso 5
AMM Customer Service Office: PR 4+200 de la Ruta Nacional 4513, La Lizama, Barrancabermeja.
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