General News Infrastructure

New Antioquia Governor Promises Alternative Financing to Complete ‘4G’ Highways, Amend Hidroituango Contract

Medellin Herald November 1, 2023

Newly elected Antioquia Governor Andrés Julián Rendón promised in an interview published today (November 1) in the Medellin-based daily newspaper El Colombiano that he has already come up with several ways to finance completion of the crucial “4G” highways linking Medellin to-and-from Atlantic

Infrastructure

Colombiamoda / Colombiatex Trade Show Breaks Records, Textile / Clothing on Rebound

Medellin Herald August 4, 2022

Medellin-based textile/clothing trade group Inexmoda announced July 29 that the annual Colombiamoda/Colombiatex trade show here attracted an all-time-record of nearly 50,000 attendees, while latest statistics show that Colombian clothing sales are up 9% so far in first half (1H) 2022 versus 1H 2021. Among those attending the annual show here were some 25,000 admirers at

Infrastructure

Long-Awaited Puerto Antioquia Construction Begins, Start-up Seen in 2025

Medellin Herald April 23, 2022

Colombia President Ivan Duque and Antioquia Governor Anibal Gaviria jointly announced today (April 23) at a dedication ceremony that the long-awaited “Puerto Antioquia” ocean-freight port linking Medellin and other major Colombia cities to the Atlantic is now starting construction and due for start-up in 2025. “Puerto Antioquia is an historic megaproject that will allow us

Infrastructure

Repaving at Medellin’s International Airport Spells Closings February 19-20, 26-27; Second-Runway Expansion Talks Accelerating

Medellin Herald January 20, 2022

Airplan – the operator of Medellin’s José María Córdova (JMC) international airport in Rionegro – confirms that runway repaving will require a partial halt to flights at JMC on Saturday and Sunday February 19-20, then again on Saturday and Sunday February 26-27. The two weekend closures – each lasting 36 hours — start 2-am on […]

Infrastructure

Colombia VP Marta Lucia Ramirez Hails Crucial Puerto Antioquia Financing Deals

Medellin Herald January 8, 2022

Colombia Vice President Marta Lucía Ramírez announced January 5 the addition of US$397 million in financing deals supporting the US$627 million “Puerto Antioquia” ocean freight project near Turbo, Antioquia. Part of the new funds will come via the privately held Financiera de Desarrollo Nacional (FDN) group, which just confirmed a US$103.7 million loan package involving

Infrastructure

Vias del Nus Highway Now Opens Medellin to Northern Atlantic Ports

Medellin Herald December 5, 2021

Colombia President Ivan Duque on December 4 officially inaugurated the long-awaited “Vias del Nus” highway connecting Medellin northward to Atlantic freight ports. The new, 157.4-kilometers-long highway includes a four-lane, twin-tube tunnel that breaks through the historically problematic “La Quiebra” mountain, which until now has snagged road transport to and from

Infrastructure

Puerto Antioquia Wins US$200 Million Finance Package from IDB Invest

Medellin Herald October 12, 2021

Colombia President Ivan Duque announced October 11 during a visit to Washington, DC, that the proposed “Puerto Antioquia” ocean freight port near Turbo, Antioquia just won another US$200 million in financing from the Interamerican Development Bank’s “IDB Invest” group. The project – now estimated to start-up in the second half of 2024 — has a […]

Infrastructure

‘Magdalena 2’ Connecting Medellin to ‘Ruta del Sol’ Highways Wins US$740 Million Finance

Medellin Herald June 30, 2021

Colombia’s infrastructure agency (Agencia Nacional de Infraestructura, ANI) announced today (June 30) that the “Magdalena 2” project linking Medellin northward to the “Ruta del Sol” highways just won a COP$2.8 trillion (US$740 million) loan deal organized by Colombian coordinator Financiero de Desarollo Nacional (FDN). The loan deal for ANI’s “Magdalena 2” concession

Infrastructure

Pacifico 1 Wins US$150 Million Finance Package to Complete Crucial Medellin-Southwest Antioquia Highway

Medellin Herald June 16, 2021

Medellin-based highway construction consortium Covipacifico announced June 15 that it just won confirmation of a US$150 million financing package for its “Pacifico 1” highway project. The financing will guarantee completion of the COP$2.6 trillion (US$704 million), 50-kilometers-long “Pacifico 1” project between the southern Medellin suburb of Caldas and a new

Infrastructure

Medellin-Bogota Highway Reopens 24 Hours/Day at San Luis Landslide Site

Medellin Herald April 18, 2021

Colombia’s national highway agency Invias announced April 17 that it has restored 24 hours/day operations on the Medellin-Bogota highway at the site of an April 9 landslide near San Luis, Antioquia. The new scheme employs alternating one-way traffic around the landslide site between kilometer 31 and kilometer 61 on the Medellín-Bogotá highway. “Thanks to the […]