The Government awarded the concession to the Future Peace Railway Consortium composed mainly by companies from Spain, Italy and the local governments of the Cesar and Santander Departments. It was mentioned that this Consortium was selected because of their impressive financial proposal. The Government informed that the Consortium did not ask for any funding to rehabilitate the railway system and additionally agreed to pay a significant amount of money to the Government by the year 2005.
The privatization process to award the concession to rehabilitate and operate the railway system to the Pacific Coast would begin next March.
Prepared by Alejandro Linares and Hernando Padilla from Gomez Pinzon & Asociados, Bogota, Colombia.
The content of this article is intended to provide a general guide but specialist advice should be sought about your specific circumstances.
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