Infrastructure

EPM: Enormous Environmental, Fiscal Benefits Nationally & Locally as Hidroituango Recovery Begins

Medellin Herald September 28, 2019

Medellin-based power giant EPM on September 27 gave journalists a first public tour of the start of recovery work in the damaged machine room of the US$5 billion, 2.4-gigawatt “Hidroituango” hydroelectric project in Antioquia. Having already reached crucial milestones including completion of

Infrastructure

Update: EPM Notes that Controller General’s Hidroituango Report Doesn’t Find Corruption, Malfeasance

Medellin Herald September 20, 2019

Medellin-based electric power giant EPM on September 25 issued a bulletin pointing out that nothing in the latest Colombian Controller General’s report about the US$5 billion “Hidroituango” hydroelectric project in Antioquia finds any instances of corruption. Nor does the Controller’s report point to any criminal or disciplinary actions that would result from the April

Infrastructure

Responsible Social Leaders Join Hidroituango Stability-Study Forum

Medellin Herald August 16, 2019

Medellin-based electric power giant EPM announced August 15 that local leaders from communities around Puerto Valdivia, Antioquia are now participating in a broad government/citizen/EPM expert panel examining possible stability issues with the main rock massif adjacent to the giant Hidroituango hydroelectric dam in Antioquia. The decision to include the “MEDAV” (Mesa de

Infrastructure

‘Pacifico 1’ Project Engineers Begin Recovery Work Following Landslide

Medellin Herald August 15, 2019

The “Covipacifico” highway construction consortium announced August 14 that its engineers have begun initial work towards recovery of a 300-meters-long section of the crucial, under-construction “Pacifico 1” highway wiped out by a landslide last May. The landslide not only destroyed the new section of highway but also wrecked a 300-meters-long section of existing highway

Infrastructure

Medellin’s Long-Awaited ‘Tunel del Oriente’ Finally Opens; Connects to JMC Airport

Medellin Herald August 15, 2019

After decades of delays, a new, COP$1.1 trillion (US$317 million), 24-kilometers-long highway — including Colombia’s longest tunnel – on August 15 opened to link Medellin directly to the Jose Maria Cordoba (JMC) international airport at Rionegro. According to Concesion Tunel Aburra-Oriente (CTAO, the project consortium involving 74 companies), the new highway —

Infrastructure

Antioquia’s ‘Mar 2’ Highway to Atlantic Ports Wins Financing; ‘Sinifana’ Tunnel Makes Progress

Medellin Herald July 31, 2019

Colombia’s national infrastructure agency (Agencia Nacional de Infraestructura, ANI) announced July 31 that the 254-kilometers-long “Mar 2” highway project connecting Medellin to new Atlantic ports just won financial close. According to ANI, the project got US$652 million in finance from three sources: China Development Bank (US$418 million), Sumitomo Mitsui Banking (US$84

Infrastructure

Medellin’s JMC International Airport Cargo Terminal Expansion Nearly Complete; Passenger Traffic Soars

Medellin Herald July 13, 2019

Colombia’s national infrastructure agency (Agencia Nacional de Infraestructura, ANI) announced July 12, 2019 that the COP$110 billion (US$34 million) expansion of the cargo terminal at Medellin’s José María Córdova (JMC) international airport is nearly complete. “The project awarded by ANI to the operator of Aeropuertos Centro Norte (Airplan) seeks via this extension to

Infrastructure

EPM hidroituango collapse study March 2019

Medellin Herald July 11, 2019

EPM: DESIGN FLAW CAUSED HIDROITUANGO TUNNEL COLLAPSE; RECOVERY UNDERWAY Medellin-based multinational electric power giant EPM on March 1, 2019 unveiled a long-awaited consultant’s report on the causes behind the April 2018 tunnel collapse that has resulted in a three-year delay in power output from the 2.4-gigawatt “Hidroituango” hydroelectric plant in Antioquia. “The

Infrastructure

Mar 1 financial close and Pacifico 1 2 3 ANI update March 2019

Medellin Herald July 11, 2019

Antioquia’s Crucial ‘Mar 1’ Wins Financial Close; Puerto Antioquia Wins Concession; Pacifico 1-2-3 Making Progress Colombia’s Vice President Marta Lucia Ramirez announced March 20 that the “Mar 1” highway project linking Medellin westward to Santa Fe de Antioquia — and eventually to new Atlantic ports — just won a COP$2.23 trillion (US$754 million) financial

Infrastructure

Autopista Rio Magdalena delays April 2019

Medellin Herald July 11, 2019

Aleatica SA subsidiary Autopista Rio Magdalena (ARM) announced April 8, 2019 that it has cancelled its highway construction contract with Obrascon Huarte Lain SA (OHL) and is seeking a new contractor. The partially completed ARM highway project aims to connect Remedios in northern Antioquia with the “Ruta del Sol” fourth-generation (4g) highway via a new […]