China Civil Engineering Construction Corporation presented sole bid for USD 1.1bn Colombian rail

02 December 2019 - 12:00 am UTC

China Civil Engineering Construction Corporation (CCECC) presented the sole bid for the COP 3.6trn (USD 1.1bn) Regiotram light rail, grantor Empresa Férrea Regional (EFR) said on 29 November.

The offer, currently under evaluation, could lead to both parties agreeing on a concession contract by 23 December.

CCECC is a state-owned subsidiary of China Railway Construction Corporation (CRCC).

During the tender process, more than 15 international and local companies showed interest in the project. Vice Minister of Transport Juan Camilo Ostos explained on 29 November that receiving only one offer is due to “the currency exchange risk.”

“Unlike the Metro de Bogota project, whose currency exchange risk in case of negative externalities is assumed by the state, for the Regiotram is assumed by the private,” Ostos said.

The project calls for the DBFOM of an electric light rail system running from Bogotá to the municipality of Facatativá, 18 miles northwest of the capital. The contract has a 26-year term.

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