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- Buga - Buenaventura Highway Project
Buga - Buenaventura Highway Project
Colombia
| Borrower | Colombia |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Transportation |
| Approved | 04.12.2007 |
| Signed | 10.07.2009 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | INVIAS (Instituto Nacional de Vias - the Colombian National Roads Institute) |
| Co-financiers | CAF, Government |
| OPEC Fund Contribution (US$m) | 20.00 |
| Total Project Cost (US$m) | 350.00 |
The 113 km-long Buga-Buenaventura Highway is one of five major corridors that handle more than 80% of Colombia’s exports. Government has therefore formulated measures to upgrade these stretches to facilitate the movement of goods, reduce travel time and cost and subsequently promote socio-economic development. The project will carry out the following:
- upgrading of a 59 km section of the highway connecting Loboguerro and Buenaventura;
- construction of an additional dual carriageway;
- construction of viaducts, concrete walls and embankments;
- installation of drainage works; and
- re-alignment of roadway to minimize impact of adverse environmental conditions.