Esther Koplowitz’s FCC has been awarded the contract for the project consisting of the design, construction, operation and maintenance of the Toyo tunnel in the Urabá Port (around 80 kilometres from Medellín) with a budget of 392 million euros ($431 million).
The Government of Antioquia awarded the project to a consortium led by FCC, the Spanish Citizen Services Group, with a 40 percent share, and a group of local businesspeople, with 60 percent share.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
The project which creates 1, 000 jobs, is to be fully executed over 10 years, including design, construction, operation and maintenance.
The project, located between the municipalities of Giraldo and Cañasgordas, around 500 kilometres north-west of Bogotá, consists of building a completely new road section, 40.84 kilometres long in two directions with one lane in each. There will also be a dual carriageway section with two lanes in each direction.
Once the whole Toyo tunnel project is up and running the journey between the capital of Antioquia and Urabá will be cut from the six hours it currently takes to three and a half.
This contract represents a step forward for FCC presence in Colombia, where their activity in this country dates back to the 1980s with the construction of the Medellín Metro.
The Citizen Services Group is currently carrying out the Bogota River dredging project in the vicinity of the capital as well as the work on the El Dorado airport control tower, also in the capital.
READ MORE: FCC
An FCC Aqualia-led consortium has been awarded the tender for the design, construction and operation of the Abu Rawash treatment plant located in El Cairo (Egypt). The plant, once fully operating, will treat More…
Esther Koplowitz’s Fomento de Construcciones y Contratas (FCC) has reported Euros 6.2 million in net income for its first fiscal quarter ending March 31st 2015. What a difference a year makes. After what More…
Esther Koplowitz has secured her 22.4% stake in the Spanish construction and engineering company FCC Group. Koplowitzsuccessfully refinancef her own long-term personal debt, for five more years, with More…
