On April 6, 2020, ANI published the terms of reference draft of the new toll road project (Cali and Palmira Access Corridor). The document is available at SECOP and in the reference information room.
The value of the project’s CAPEX is COP$ 1.16 trillion (requires the accreditation of a minimum financial close of COP$ 484,071,554,744) and 310 km of length, which includes the construction of 15.6 km of new single roadway between Cali and Jamundí, 12.6 km of new second roads and 291.4 km of improvement of existing corridors.
It is estimated that the duration of the works will be five and a half years (including one year of pre-construction) and the total term of the concession will be 29 years. This is a project that does not have ANI contributions as a source of remuneration.
- Enabling Requirements[1]
| Who can participate? | Natural and/or legal persons under private law, Mixed Economy Companies, their subsidiaries, domiciliary public service companies, and Industrial and Commercial State Companies or their assimilated, whether national or foreign, all of them individually or under plural structures.
If the investment experience or financial capacity are accredited trough parent companies or affiliates, they must sign the Guarantee Agreement.[2] |
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| Investment Experience[3]
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Option 1:
One (1) Infrastructure Project (concession) which financing value was three hundred and forty-eight thousand eight hundred million pesos ($348.800.000.000)[4]. |
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| Option 2:
Up to four (4) Infrastructure Project(s) (concessions), which financing value was four hundred and sixty-five thousand one hundred million pesos ($465.100.000.000) [5]; one of the accredited financings must be two hundred and thirty-two thousand six hundred million pesos ($232.600.000.000) [6]. |
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| Financial Capacity | Minimum Net Worth of five hundred and eighty-one thousand four hundred million pesos ($581.400.000.000) [7] according to their financial statements, at the last ordinary closing. | ||||||||||||||
| Debt Capacity
Maximum Indebtedness Index will be 90% provided that the individual offeror or all the members of the plural structure are financial entities; in other cases, it will be a maximum of 85%. Credit line: should provide a certification of approval of a specific credit line for the project for an amount not less than two hundred and fifty-eight thousand three hundred million pesos ($258.300.000.000) [8]. |
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| Award Criteria | The following are the criteria to award the concession agreement:
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- Dates to consider
| ACTIVITY | DATE |
| Deadline for comments on the Request for Proposal Draft | May28, 2020 |
| Resolution of the Opening of the Public Tender and publication of the final Request for Proposal | August 10, 2020 |
| Clarification and risk allocation hearing | August 13, 2020 |
| Deadline for comments on the Request for Proposal | November 12, 2020 |
| Closing of the Public Bidding period | January 29, 2021 |
| Opening of the Financial Proposal and Awarding Public Hearing | April 6, 2021 |
We trust this information will be useful. If you have any questions or require further details, please do not hesitate to contact us. At Gómez-Pinzón we have an expert team in advising national and international companies on public biddings, selection processes, administrative law, and infrastructure.
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[1] The constant values of the Month of Reference correspond to December 31, 2018. [2] The purpose of the Agreement is to guarantee the execution of the Equity Fundings established in the Agreement. [3] The Enabling Requirements related to Financial Capacity and/or Investment Experience may be evidenced by the experience of (i) its controlled companies (directly or indirectly), (ii) its parent companies, or (iii) companies controlled by its parent companies. [4] Approx. USD$ 88,660,000. [5] Approx. USD$ 118,220,000. [6] Approx. USD$ 59,100,000. [7] Approx. USD$ 147,700,000. [8] Approx. USD$ 65,650,000. [9] Present value of income from Project Revenue – VPIP. [10] Offer to hire qualified and unqualified personnel from the municipalities in the Project’s area of influence. [11] Points will be awarded to (i) Colombian individuals or residents in Colombia; (ii) legal entities incorporated under Colombian law; (iii) bidders from states with which Colombia has trade agreements; (iv) services from states without trade agreement but the National Government has certified that they enjoy national treatment and (v) services provided by bidders who are members of the Andean Community of Nations. [12] The quality factor will be granted taking into account the additional items: (i) Villa Rica – Caloto road (rehabilitation and improvement); (ii) La Herradura – Matapalo road (improvement); and (iii) use of dense recycled rubber mix (use of recycled asphalt mix in a continuous length, minimum equal to 10% of the total length that makes up each of the Project’s Functional Units). [13]Ratio between the total number of workers in the offeror’s staff plant and the minimum number of workers with disabilities required.