Cundinamarca train project in Colombia

Created on: 04 Jan 2019 Last updated: 04 Jan 2019
Project Location
Colombia
Primary Industry
Infrastructure
Power/Utilities

Project Description

  • The "Cundinamarca Train Project" (CTP) is a Private Initiative in the PPP (Public-Private Partnership) format presented to the ANI (Colombia's National Infrastructure Agency) in September 2016, which obtained approval in its pre-feasibility stage in June 2018.

  • The project presented in pre-feasibility consists of the rehabilitation and construction of the rail corridor between Facatativá (El Corzo) and La Dorada, with a length of 170 km and Operation from El Corzo to Santa Marta (937 km).

  • In consideration of the ANI, in the Feasibility the rehabilitation and construction could be requested from Bogotá-Km5 to La Dorada (197 km) and the operation from Belencito, Bogotá, La Dorada to Santa Marta (1,285 km).

  • The rail corridor has an approved environmental license and the properties are consolidated in a single deed for its development.

  • The group managing the initiative is made up of an interdisciplinary group which has technical, legal, financial, commercial and socio-environmental experience. The group is led by Mr. Boris Cordovez under his company C&ENER, with which he has structured mining-energy and infrastructure projects in Colombia.

  • The financial model estimates 1 year for the development of feasibility studies, 3 years of rehabilitation and construction and 22 years of operation. In the pre-feasibility stage, the project requires a total investment of US$ 354 million.

  • The cargo/demand study estimates that by 2022, the project will have a demand of 3.2 million tons and in the last year of the concession, 2043, of 8 million tons. This is the result of a 20% freight cost reduction compared to the traditional road freight in the project's journey.

  • The main objective is to find partners who contribute capital or in kind to carry out the feasibility studies, according to the guidelines contained in the ANI's pre-feasibility approval document. The estimated investment for feasibility studies is COP $6,808 million (more or less US$2.15 million).

Please see the attached for detailed info.

Attachments

/uploads/content/files/201901/Cundinamarca Train - Feasibility Investment - PrimeCap Dec2018 FV.pdf
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