Sacyr expects to invest around $1.5 billion in road projects in Colombia, the CEO of the Spanish construction company, Manuel Manrique, said at the end of a visit to the South American country.
Sacyr views Colombia as a country that offers opportunities and is a “key to its international growth process,” Manrique said in a statement.
“We see Colombia as a totally attractive country for foreign investment and strongly believe that our participation in the different infrastructure sectors will bring innovation, development and the best practices to the market,” the Sacyr CEO said.
Sacyr is working on several projects in Colombia, such as the $40.2 million cable-stayed bridge in Malaga, a city in the eastern province of Santander, Manrique said.
The Spanish company is also building the $117 million highway linking Buenaventura and Loboguerrero in the southwestern province of Valle del Cauca.
Colombia is going in the right direction by upgrading its highways, with the Fourth Generation Highway Program generating social, cultural and business benefits, Manrique said.
The 4G highway contracts program covers 47 projects worth $25 billion over eight years, a project the Colombian government expects will help the country end an infrastructure backlog going back years.
Sacyr is among the companies prequalified by the government for several projects, including construction of the Magdalena River Highway 1, which will link western industrial centers with the Magdalena River, Colombia’s principal waterway.