National Planning Department.

Transcription

1 National lanning Department

2 ublic rivate artnerships Regulatory Framework and roject ortfolio July of 2015

3 Content 1. Colombia s macroeconomic overview 2. Colombia s Infrastructure 3. Law Legal Framework 4. roductive and Social roject ortfolio ublic Initiative 5. roductive and Social roject ortfolio Unsolicited roposals

4 1. Colombia s macroeconomic overview

5 Colombian Geography and Demography Easy access point. Central location between Mexico, Caracas, Miami and Lima Colombia is a Democratic, constitutional republic comprising thirty-two departments. The Capital and largest city is Bogotá. TOTAL OULATION 48,2 million rincipal Cities: Bogotá (8,9 million) Medellin (3,4 million) Cali (3,1 million)

6 er capita GD has triple its value since (p) 2014(p) GD per capita (USD) Data Source: from IMF Banco de la República - DANE

7 Colombia has a bigger GD than its peers in the LA region GD 2014 (USD Billions) Colombia Mil Mill. USD Colombia s GD represents the 8% of the Latin American and the Caribbean GD. Colombia s GD represents: 16% of Brazil 29% of Mexico 70% of Argentina 0 Source: Data from IMF Banco de la República

8 14 In 2014 the Colombian economy reached a growth of 4,6%, very similar to the figure projected by the government ,6% 3,6% 2,4% 1,9% 0,1% Colombia Chile eru Brasil Ecuador Latin America shows a slowdown in its economic growth of 1,3% in 2014, explained by lower performance such as Brazil but offset by good results as the Colombian (4,6%) and Ecuadorian (3,6%). Source: Data from IMF Banco Mundial

9 Inflation in June 2015 is above the range (p) Inflation 5,00% 4,00% 3,00% Total Inflation Min Título del gráfico Inflation without food Máx 4,42% 3,72% 10% 9% 8% 7% 6% 8,8% 2,00% 5% 4% [VALOR] 1,00% 3% 2% 0,00% 1% 0% The increase in food prices, particularly perishable (potato) and some processed foods such as rice along with the transfer of the peso depreciation to domestic prices, explained most of the increase in overall inflation in the first quarter of the year. Data from Banco de la República - DANE Source: DANE

10 Since 2011 Colombia has attracted more FDI FDI USD Millions Colombia s main investors United States USD millions Share: 32% United Kingdom USD millions Share 20% Chile USD millions articipación 6% Spain USD millions Share 11% FDI will be kept around 3% of GD, which is consistent in the context of low petroleum prices where investments in the oil sector will be reduce. Source: BANRE

11 ositive Investment Environment Doing Business Ranking Variation Easy of Doing Business Rank Colombia 45 Colombia 34 erú 30 erú 35 anamá 29 México 39 Ecuador 8 Chile 41 México 4 anamá 52 Brasil 1 Ecuador 115 Chile -13 Argentina Brasil Argentina *ositive Values show ranking improvements in business environment. Colombia is ranked 34 reflecting significant protection to investors. Data source: Doing Business Reports

12 % Unemployment Rate (%GD) is in permanent decline (p) ,98 15,54 14,10 13,64 Unemployment rate ended June 2015 in 8,9% ,81 12,03 11,20 11,27 12,03 11,78 10,84 10, ,65 9,11 8,90 8 * Rate of unoccupied people of the economic active population Data source: Banco de la República, DANE

13 US Million Colombia s trade balance * (pr) , , , , , , , , ,00 Exports Imports , , ,00 0,00 *rojected value of 2015 was made considering the Medium Term Fiscal Framework Data Source: Banco de la República, Ministerio de Hacienda

14 % IB Gross Fixed Capital Formation (%GD) , ,22 22,40 23,03 23,49 22,44 23,88 22,13 23,85 24,17 19, , , ,03 Data Source: World Bank

15 GD growth has been marked mainly by the construction sector ,00% 12,00% 10,00% Good performance of this sector is mainly explained by an increase of 12,1% in civil Works. 11,60% 9,90% 8,00% 6,00% 4,00% Buildings Civil Works GD Growth Construction 2,00% 0,00% -2,00% In 2014 the construction sector continued being one of the main driving forces of the economy to contribute 0,7 pp to overall GD growth, with a variation of 9,9% Data Source: Ministerio de Hacienda, DANE

16 Colombia obtained investment grade issued by main credit rating agencies BBB Standard & oor's Ratings Services maintained its long-term sovereign credit ratings on Colombia s foreign currency in 'BBB' Baa2 All main Rating agencies reviews highlighted the good economic and financial period that Colombia is experiencing nowadays, specially: Their ability to manage external shocks Their excellent credit record BBB An improvement in their Macroeconomic credibility A significant improvement in their security conditions Data Source: Bancoldex

17 2. Colombia s Infrastructure

18 The development of infrastructure The development of road infrastructure in Colombia linking private participation began in the mid 90s with the first generation of road concessions. Since then, private participation in road infrastructure has remained through programs of second and third generation of road concessions which sought to improve the execution of contracts. First Generation road concession contracts, primarily focused on road rehabilitation and expansion of road corridors (1,649 km).

19 The development of infrastructure Second Generation Improve issues related to financial aspects, responsibility and risks schemes. The second generation of road concessions involved 470 km of roads (construction and rehabilitation of new roads, seconds driveways entrances to major cities). Third Generation olicy adjustments: extensions and additions to the concession contracts legislation was improved. 3,557 km included, highlighting the Ruta del Sol project which incorporated changes on risk allocation between the public and private counterparts and a new scheme of contract award criteria.

20 The development of infrastructure Main roblems Road concession contracts (first, second and third generation) had significant delays/problems regarding: Work schedules Additions in contracts (in time and amount) Additional works executed without specific requirements roperty taxes and environmental overruns Financial imbalance in contracts roblems during the bidding process and contract award

21 The development of infrastructure Suggestions to improve the concessions scheme 1 Strengthen prioritization and structuring of projects, including cost-benefit and Value for money analysis. 2 To Improve the institutional framework related to infrastructure, including a model of longterm planning the approval process and analysis stages of structuring projects. 3 To Increase institutional capacity to ensure proper risk transfer and reduce contracts renegotiation. 4 - erform rigorous analysis of the socio-environmental impacts before implementation of the project. 5 Assuring independent monitoring practice to measure the quality of services provided.

22 Access to modern infrastructure and equal opportunities remain a challenge for Colombia Global Competitiveness - Infrastructure (3.5) Chile Mexico Ecuador Uruguay eru Argentina Brazil Colombia Venezuela Quality of roads 2, Quality of air transport infrastructure Chile Mexico Ecuador Uruguay eru Colombia Argentina Brazil Venezuela Quality of railroad infrastructure Quality of port infrastructure Ecuador Mexico Chile Brazil eru Argentina Venezuela Colombia Uruguay 1,5 Chile Uruguay Mexico Ecuador Argentina eru Colombia Brazil Venezuela 3, = extremely underdeveloped; 7 = extensive and efficient by international standards Source: World Economic Forum. Global Competitiveness Report

23 Infrastructure ublic Investment vs. rivate Investment 4,5% 4,0% 4,1% 3,5% 3,0% 3,2% 3,5% 3,6% 3,1% 3,6% 3,3% 3,3% 2,9% 2,5% 2,3% 2,0% (e) 2011 (e) Inversion rivate Investment/ rivada / IB GD Inversión rivate Investment/ ública / IB GD Source: DN

24 Colombia s capacity Latin-American ranking SCORE , Infrascope overall score Law 1508 Decree 1467 Decree 063: water and basic sanitation YEAR untaje Score Strenghts Regulatory Framework(68.8) Investment Climate (78.0) Weaknesses Institutional Framework (50.0) Operational Maturity(53,1) Subnational Adjustment (50.0) Financial Facilities (61.1) Infrascope is a benchmarking index that evaluates 19 LAC government s capacity to implement sustainable and efficient infrastructure s. Sectors: Transport, Water and Electricity Infrascope Index. Economist Intelligence Unit

25 3. Law Legal Framework

26 Basic scheme State Agency Disbursement of public funds Long-term contract based on service delivery Banking Capital Markets Creditors Shareholders Debt Stock rivate Investor SV Resource Management Services operating revenue Users Operating Agreement ayments O&M Construction payments Construction contract Operator Coordination Constructor

27 Main Characteristics All Sectors Capacity & Commitment s Legal and Regulatory Framework - Law 1508 / 2012 The law applies to all sectors in which the provision of infrastructure and its related services are needed. Seeks to attract long term investors with enough financial capacity, who will not only construct the infrastructure but also operate and maintain it. Service ayment Introduces the concept of payment for availability and level of service. Incentives for rivate Initiatives roper structuring Budgetary Treatment Institutional Organization Information Temporary Contracts The law includes a regulatory regime applicable to unsolicited proposals, involving correct incentives for their development. The law reinforces the proper structuring of projects with regard to studies, risk analysis and includes the concept of value for money. The law contains changes in the budgetary treatment regarding: future reserves for national and territorial projects. The law clarifies the roles and functions of the entities participating in the project cycle. A data base to register the rojects is created. (Managed by the ND). The infrastructure reverts to the public sector at the end of the concession period. (30 years max)

28 Key Issues BEFORE- LAWS 80/93 and 1150/07 NOW- LAW 1508/12 Advances were granted in concessions There are no advanced payments ublic Contrib. Construction Operation and Maintenance 30 Years ublic Contrib. Construction Operation and Maintenance 30 Years The payment is made irrespective of compliance with the service No maximum term Law 80/1993: Additions of maximum 50% Law 1150/2007: Maximum term additions of 60% The payment was made for construction works The award process started with the opening of the bidding process There were no requirements to analyze the best way to implement the project. No difference was made between who financed and who constructed. The projects were not designed for financial and institutional investors. ublic initiative projects only ayment is made according to the performance of the service Maximum term : 30 years Additions are limited to 20% (CAEX and OEX) The payments are for the services provided by the infrastructure A stage for prequalification is allowed previous to the bidding process The law requires to analyze and justify the way to implement the project ( or Traditional rocurement) The requirements are oriented to enabling: legal capacity, ability and experience in financial investment or project structuring and development It encourages the attraction of institutional and financial investors They allow and encourage unsolicited bids (unsolicited proposals)

29 Legal and Regulatory Framework - Contents of the Law I. General rovisions 1. The law applies to all sectors minimum project investment: USD 1.7 million. 2. Maximum term including extensions 30 years* 3. Limit to additions and extensions of contracts with public budget 20% 4. Nation payments subject to service availability II. ublic initiative III. Unsolicited roposals ublic Idea: Resources: rivate and/or ublic rivate idea: Only for new projects Resources: rivate + max. 20% ublic Resources: 100% rivate Selection rocess: ublic Bidding Selection rocess: ublic Bidding Selection rocess: Abbreviated selection IV. roject`s common provisions 1. roject funds are managed through SV. 2. Creation of a new database of projects. 3. roper budget management to guarantee future payments. 4. The infrastructure reverts to the public sector * This term can be extended only if there is a previous favorable concept from CONES

30 ublic Initiative project - Flowchart Conceptual Idea of the roject rioritization Feasibility Studies + ositive Assessment of social and economic issues + ositive revious Concept - VBA * With ublic Resourses Technical, Financial and Legal Structuring Financial reviewed by ublic development Banks Art 27 / Risk analysis Ministry of Finance 2. Assessment of option - ND 3. Financial and contractual clauses - Ministry of Finance Central government investment Without Central Government Investment First review Ministry of Finance then ND First is reviewed by Ministry of Finance then the respective planning department Subnational ublic Entities * According a new presidential regulation, a previous concept has to be issued by Virgilio s Barco Urban Renewal Agency in the case of projects for administrative offices and public buildings. ublic Contract Opening of the bidding process Requires ublic $ Does not require ublic $ Request of fiscal endorsement and approval of annual budget commitments Opening of the bidding process

31 resentation of the initiative (refeasibility stage) Competent entity must register the initiative in the RUA ( 5 days after receiving the proposal) Unsolicited roposals project - Flowchart Concept (Max. 3 months) * This requirement is the responsibility of public entity Initiative rejected Favorable Acceptance of re-feasibility and acceptance conditions. roject preparation, feasibility stage (Max. 24 months) roposal Assessment (6 months) (The agency in charge may need complementary studies and must analyze them in an additional term of 3 months) MHC and ND review and issue concept ( with Cofinancing of the Nation ) or the planning unit of the territorial entity ( without Cofinancing of the Nation) Causes of rejected Not enough public interest it needs more public resources (>20%) There are a current public work or a concessions in place. Favorable roject rejected There is no commitment of any kind with the private investor must have a public hearing to third parties and authorities within one month of the delivery of Feasibility studies. Negotiation arrangements (2 months) Relevant ublic entity roposal`s originator

32 Unsolicited roposals project - Flowchart They must have the approval of future appropriation, before the bidding process Favorable Max. 20% $ ublic ublic Bidding (4 a 6 months) Negotiation arrangements (2 months) Source of funds Additional oints 3% - 10% (according to the amount of inversion) 100% $ rivate Direct selection No third party concerned Agreement ublication (Appendix included) (1-6 months) Third party concerned Abbreviated Selection rocess (2-3 months) First Right refusal (10 working days) Relevant ublic entity roposal`s originator

33 4. roductive and Social roject ortfolio ublic Initiative

34 NAME 13 rojects of ublic Initiative registered in RUA (1/2) OBJECT CONTRACTING AUTHORITY CURRENT STATUS roject for the concession of Airport of Barranquilla and South West Airports (Armenia- Neiva-opayán) Upgrade, management, commercial operation, maintenance and reversion of Airport of Barranquilla and South West Airports (Armenia-Neiva-opayán) National Infrastructure Agency-ANI In bidding process Implementation and operation of the System of ublic Bicicles in Bogotá. Endue Bogota with a system of public bicycles reachable to the citizens and that eases the integration of the people with the public transportation system (SIT). Bogota s town hall re-feasibility Upgrade of the ublic Lighting System in almira into LED technology. Optimization of the energy consumption, material supply, design, enlargement, setting up, upgrade, operation and management of the public lighting system in almira. almira s town hall Feasibility Center for the management of traffic, photo fines and traffic lights in iedecuesta Implementation of a center for the management of traffic, photo fines and traffic lights in iedecuesta. iedecuesta s town hall re-feasibility Universal Access to Television DTHSOCIAL rovision of satelite television service for municipalities located in non coverage areas. National Authority of Television- ANTV re-feasibility Regional and Urban Light Rail west section Light rail transport system at a regional level (West section) from Sabana Station to Facatativa Station in the municipality with that same name. Empresa Férrea Regional S.A.S re-feasibility Source: RUA

35 13 rojects of ublic Initiative registered in RUA (2/2) NAME OBJECT CONTRACTING AUTHORITY STATE Road project - Circuito de los Embalses in Antioquia Improvement and enlargement of the regional road network in Antioquia. Government of Antioquia Feasibility for the program of national court houses Construction of the new building for the Superintendency of notary and registration in Bogota. Overcome the deficiency in the access of the people to justice services. Construction of the building with its associate services, spaces needed and requirements of earthquake resistance. Minister of Justice re-feasibility Superintendency of notary and registration Feasibility Upgrade of Matecaña International Airport. Construction, upgrade, and adequacy of the land side and administration, operation, commercial operation and reversion of the air side of Matecaña International Airport in the city of ereira. Matecaña International Airport Feasibility ublic lighting service for Armenia, Quindío. Concession for the administration, upgrade, operation and enlargement of the public lighting service in Armenia in a term of 20 years. Armenia s town hall roceso de Selección (Ver SECO) Slaughterhouse for Arjona. Concession for the maintenance, operation and administration of the slaughterhouse in Arjona Bolivar. Arjona s town hall Feasibility Road network for Cordoba. lan for an enlargement and improvement of the road network in Cordoba. Córdoba s town hall re-feasibility Source: RUA

36 Leading rojects : Almost 1,100 km out to tender before 2014 CARTAGENA BARRANQUILLA Cruz del Viso SANTA MARTA onedera VALLEDUAR Carreto RIOHACHA La az Cuestecitas Buenavista San Juan ARAGUACHON Group 1 Group 2 Group 3 Total km , st tranche km 31,8 156,6 Tender date 1st tranche ALO DE LETRAS NECOCLÍ SAN ELAYO Toluviejo MONTERIA laneta Rica CARMEN DE BOLIVAR SINCELEJO La Yé San Marcos CAUCASIA Achí Aguachica Aguaclara SAN ROQUE Ocaña Group 4 Roads to prosperity East Range , El Tigre Simití CUCUTA BARRANCAB. REMEDIOS B/MANGA amplona ARAUCA Santa fé de Ant. Camilo C Bolombolo Tunel de Occidente MEDELLIN to. Berrío Barbosa SOGAMOSO TAME BUENAVENTURA CALI STDER. QUILICHAO MANIZALES EREIRA ARMENIA LA AILA BUGA La Manuela TO. SALGAR ZIAQUIRA TUNJA VILLETA Sopó Sisga EL SECRETO CALERA BOGOTA GIRARDOT Cáqueza IBAGUE ESINAL VILLAVICENCIO CARTAGO Granada NEIVA YOAL UERTO GAITAN to. Arimena Estimated Kilometers Total Investment estimated (billions of dollars) 24,4 OAYAN RUMICHACA CHACHAGÛÍ ASTO MOCOA Current Concessions News Early victories Source: ANI- National Infrastructure Agency

37 Center South Group 1 Honda Mariquita La Dorada to Salgar to Bogotá BOGOTA MAIN FEATURES Ibagué Girardot Kilometers: 846,6 Km Actual Tolls: 6 New Tolls: 7-9 TOTAL CAEX (Billions USD): 1,3 Neiva ROAD CORRIDORS: uerto Salgar Girardot ( 212,6 km) Girardot - Neiva (190 km) Neiva Mocoa- Santana (444 km) Mocoa Tolls Santana Early Victory Source: ANI- ANI- National Infrastructure Agency

38 South West Group 2 Ibagué La aila Loboguerrero MAIN FEATURES B/ventura Dagua Buga Mulalo Kilometers: 724,8 km Actual Road Tolls: 8 New Road Tolls: 3 TOTAL CAEX (Billions USD): 2,75 Cali Stder Quilichao ROAD CORRIDORS: Ibagué La aila (135km) Buga Buenaventura ( 118km) Mulaló Loboguerrero (31,82km) Santander de Quilichao Chachagüí (360 km) asto Rumichaca (80km) Chachagüi asto Tolls Rumichaca Early Victory Source: ANI- ANI- National Infrastructure Agency

39 Center East Group 3 MAIN FEATURES ARAUCA Kilometers: 1.391,6 Km Actual Road Tolls: 14 New Road Tolls: 5 TOTAL CAEX (Billions USD): 3,93 Hato Corozal Tame to Carreño ore Guasca Sisga Briceño Caqueza El Tablón Chirajara La Calera Choachí Villaviecio YOAL Aguaclara to Gaitán to López te Arimena ROAD CORRIDORS: Villavicencio Arauca (823km) Corredor erimetral del Oriente (156,6km) Doble calzada Bogotá Villavicencio (72km) Malla Vial del Meta (340km) Granada Tolls Early Victory Source: ANI- ANI- National Infrastructure Agency

40 Caribbean Region Group 4 Cartage na Arjona Cruz del Viso B/quilla Sta Marta Malambo onedera Carreto San Juan Nepomuceno uerta De Hierro Ye de Ciénaga Valledupar La Florida Distracció n La az araguachón Cuestecit as San Juan Del Cesar MAIN FEATURES Kilometers: 1.481,7 Km Actual Road Tolls: 11 New Road Tolls: 6 TOTAL CAEX (Billions USD): 2,91 ROAD CORRIDORS: Cartagena Barranquilla (146,7 km) Barranquilla Santa Marta (93km) San Roque - araguachón (474 km) Caucasia Cruz del Viso (434 km) Corozal Sincelejo Yatí El Burro San Roque Cereté - onedera (334 km) Cereté Sahagún Ciénaga De Oro El Viajando San Marcos Tamalameque Caucasia Tolls Early Victory Source: ANI- National Infrastructure Agency

41 Roads for rosperity Región Caribe Caucasia MAIN FEATURES El Tigre Remedios Kilometers: 1.446,5 Km Actual Road Tolls: 10 New Road Tolls: TOTAL CAEX (Billions USD): 7,25 ROAD CORRIDORS: Sta. De Antioquia ortal Occidental T. de Occidente MEDELLIN orcesit o Ancón Sur S.J Nus T. Dolores to. Berrio Ruta del Sol Group 1 (584,48 Km) Group 2 (503 Km) Group 3 (359 Km) Bolombolo Camilo C La intada La Virginia Irra La Manuela Tolls Zona Cafetera Early Victory Source: ANI- National Infrastructure Agency

42 East Mountain Range Adaptation Fund Ocaña to Santander MAIN FEATURES MANIZALES to Boyacá Honda Villeta Aguaclara to Araujo BOGOTA B/MAGA TUNJA CUCUTA amplona Duitama Kilometers: Km Actual Road Tolls: 11 TOTAL CAEX (Billions USD): 5,43 ROAD CORRIDORS: Manizales Honda Villeta (220km) Bogotá Bucaramanga amplona (543 km) Tunja Chiquinquirá uerto Boyacá (315 km) uerto Gaitán uerto Araujo (571 km) Duitama amplona Cúcuta (373 km) Duitama amplona Cúcuta (373 km) Cúcuta Aguaclara- uerto Capulco (257 km) Cúcuta uerto Santander (51km) Early Victory Total Km 630 Total CAEX US 1509 mm to Gaitán Type of investment: Manteinance and restoration of the existent roads. Construction of a second lane (70 Km) Tolls Early Victory Source: ANI- National Infrastructure Agency

43 Other roads La Mata Tibu Convención MAIN FEATURES Kilometers: 485Km Existing tolls: 2 TOTAL CAEX (Billons USD): 0,87 ROAD CORRIDORS: Cúcuta Tibú La Mata (331 Km) CÚCUTA Bucaramanga Barrancabermeja Yondó (154Km) B/Bermeja Tolls Early Victory Source: ANI- National Infrastructure Agency

44 Awarded projects Loboguerrero Buga 55,42 km 55,42 km: rehabilitation, operation and maintenance of the existing road $29,95 millions USD Winning Bidder : CSS Constructores S.A. Zipaquirá - alenque 370 Km: rehabilitation, operation and maintenance $183,4 millions USD Winning Bidder : Consorcio Hidalgo e Hidalgo Colombia S.A.S. Source: ANI- National Infrastructure Agency

45 First Group 4G Capex* Opex* Km Current Status FIRST GROU OF ROJECTS (USD Millon) IONEERS Girardot - Honda - uerto Salgar ,13 Awarded Mulaló Loboguerrero 596,5 220,5 31,82 Awarded erimetral de Oriente de Cundinamarca ,5 153,8 Awarded Cartagena - Barranquilla, Circunvalar de la rosperidad 479, ,09 Awarded SECOND GROU OF ROJECTS (USD Millon) GROU I Autopista Conexión Norte 491, Awarded Autopista al Río Magdalena 2 686,5 306,5 144 Awarded Autopista Conexión acífico ,8 Awarded Autopista Conexión acífico ,78 Awarded Autopista Conexión acífico ,5 146,2 Awarded TOTAL

46 rojects awarded 4G Girardot - uerto Salgar Girardot uerto Salgar Construction of new second lanes (55km), operation and maintenance (157km). 190,13 km 25 years. $ 1,200 Millions USD Winning Bidder : Mario Alberto Huertas Cotes (75%), Constructora MECO SA Sucursal Colombia (25%). Source: ANI- National Infrastructure Agency

47 rojects awarded 4G Mulaló - Loboguerrero Mulaló- Loboguerrero Length : Section Km, Section Km, Section Km, Section Km Y Section Km for a Total of km eriod : 25 years Capex: USD 500 million Opex: USD 250 million Winning bidder: Estudios y royectos del Sol (Episol) 60%, (Colombia) and Iridium Colombia Concesiones Viarias 40%, (España) reliminary Source: ANI- National Infrastructure Agency

48 erimetral de Oriente de Cundinamarca rojects awarded 4G erimetral de Oriente de Cundinamarca Rehabilitation and Construction (95,33km), and improvement (57,66km). 152,99 km 25 years $ 750 Millions USD Winning Bidder : Shikun & Binui AG Israel (37.05%); C.I. Grodcos. en C.A. Ingenieros Civiles Colombia (25%); Colombiana de Inversiones (37.05)%. Source: ANI- National Infrastructure Agency

49 rojects awarded 4G Cartagena - Barranquilla Cartagena-Barranquilla Length : Section 1, 117 km y Section 2, 36.7 km, for a total approx. de km. eriod : 25 years. Capex : USD 500 million Opex: USD 350 million Winning bidder: Mario Alberto Huertas Cotes y Constructora MECO Sociedad Anónima Sucursal Colombia. reliminary Source: ANI- National Infrastructure Agency

50 rojects awarded- Conexión Norte Conexión Norte Length : Section 1, 58 Km y Section 2, 87 Km, for a Total of 145 km. eriod : 25 years Capex : USD 500 million Opex: USD 300 million Winning bidder: Autopistas del Nordeste SV reliminary Source: ANI- National Infrastructure Agency

51 rojects awarded- Rio Magdalena 2 Rio Magdalena 2 Length : Approx. 144 Km. eriod : 25 years Capex: USD 700 million Opex : USD 400 million Winning bidder: E OHL Concesiones compuesta por OHL Concesiones Colombia S.A.S 60% y OHL Concesiones Chile S.A. 40%. reliminary Source: ANI- National Infrastructure Agency

52 rojects awarded 4G acifico 1 acifico 1 Rehabilitation, construction, operation and maintenance 49,7 Km 25 years. $945 Millions USD Winning Bidder : Estudios y proyectos del Sol S.A. Episol S.A.S (60%), Iridium Colombia Concesiones Viales S.A.S. (40%). Source: ANI- National Infrastructure Agency

53 rojects awarded 4G acifico 2 acifico 2 98 Km: 44 km(construction of new second lanes) 54km (operation and maintenance) 25 years. $480 Millions USD Winning Bidder :.S.F Concesión La intada (Odinsa and Colombian partners) Source: ANI- National Infrastructure Agency

54 rojects awarded 4G acifico 3 acifico 3 Rehabilitation or construction of new second lanes operation and maintenance. 142 km 25 years $935 Millions USD Winning Bidder : Mario Huertas Cotes (Colombia) Constructora MECO S.A. (Costa Rica). Source: ANI- National Infrastructure Agency

55 Rio Magdalena 1 MAIN FEATURES Length : Approx. 161 Km eriod : 25 years Capex: USD 1050 million Opex : USD 80 million Status: Suspended reliminary Source: ANI- National Infrastructure Agency

56 Second Group 4G Capex* Opex* Km Current Status ROADS FOR ROSERITY (USD Million) GROU II Autopista al Mar 1 728, Awarded Autopista al Mar 2 767, In bidding process NEWS (USD Million) Neiva- Girardot 673, ,85 Approved by MHC and DN Santana - Neiva 751,5 733,5 447 Awarded Rumichaca asto 816,5 341,5 79,67 In bidding process opayán - S/der de Quilichao 595, ,83 Awarded Transversal del Sisga ,17 Awarded Villavicencio Yopal 942,5 527,5 264,13 Awarded /ta de Hierro - almar 224, ,56 Awarded B/manga- B/meja - Yondó ,02 In bidding process TOTAL 6.632, ,23

57 rojects awarded 4G - Mar 1 MAIN FEATURES Study, final design, financing, environmental, property tax and social management, construction, improvement, rehabilitation, operation, maintenance and transfer of Sea Grant Highway 1. Approx. 180 Km 25 years $1.603 Million USD Winning Bidder: SAC 4G integrated by SACYR Concesiones Colombia S.A.S 37.5%, Strabag S.A.S 37.5% and COBCAY S.A 25%. Source: ANI- National Infrastructure Agency

58 rojects 4G - Mar 2 MAIN FEATURES Length: 245 Km. eriod : 16 years. ( ) Capex: USD 767,5 million Opex : USD 319 million Status: In bidding process Calzada Nueva reliminary Source: ANI- National Infrastructure Agency

59 rojects 4G - Neiva-Girardot MAIN FEATURES Length: 190,85 Km. eriod : 25 years Capex: USD 673,5 millions Opex : USD 532 millions Source: CONES

60 rojects awarded 4G - Santana-Neiva MAIN FEATURES Financing, construction, rehabilitation, improvement, operation, maintenance and transfer of the Neiva-Mocoa-Santana Corridor 447 Km 25 years $1.368,70 Million USD Winning Bidder: Controladora de Operaciones de Infraestructura S.A de CV (35%), Cass Constructores y Cia (20%), Carlos Alberto Solarte Solarte (20%), Estyma (10%) and ALCA Ingeniería (5%). Fuente: CONES

61 rojects 4G - Rumichaca-asto MAIN FEATURES Length: 79,67 Km. eriod : 25 years Capex: USD 816,5 million Opex : USD 341,5 million Fuente: CONES

62 rojects awarded 4G opayán-santander de Quilichao MAIN FEATURES Financing, construction, rehabilitation, improvement, operation, maintenance and transfer of the opayan-santander de Quilichao Corridor 75,83 Km. 25 years $1.165,35 Million USD Winning Bidder: Hidalgo E Hidalgo S.A. Sucursal Colombia 25%, Hidalgo E Hidalgo Colombia S.A.A 5%, CASS Constructores & CIA S.C.A 35% and Carlos Alberto Solarte 35%. Fuente: CONES

63 rojects 4G - Transversal del Sisga MAIN FEATURES Financing, construction, rehabilitation, improvement, operation and maintenance of the Transversal del Sisga Corridor. 137,17 Km. 25 years $540,98 Million USD Winning Bidder: Centro Oriente SV integrated by KMA Construcciones S.A 40%, Ortiz Construcciones u royectos 40% and Obresca 20% Fuente: CONES

64 rojects 4G Villavicencio-Yopal MAIN FEATURES Study, final design, financing, environmental, property tax and social management, construction, improvement, rehabilitation, operation, maintenance and transfer of Villavicencio-Yopal corridor. 261 Km. 25 years $1.295,98 Millions USD Winning Bidder: SAC 4G integrated by SACYR Concesiones Colombia S.A.S 37.5%, Strabag S.A.S 37.5% and COBCAY S.A 25%. Fuente: CONES

65 rojects 4G uerta de Hierro-almar de Varela MAIN FEATURES Study, final design, financing, environmental, property tax and social management, construction, improvement, rehabilitation, operation and maintenance of uerta de Hierro-almar de Varela corridor. 202,56 Km. 25 years $370,94 Million USD Winning Bidder: E SAC 4G integrated by SACYR CONCESIONES COLOMBIA S.A.S Fuente: CONES

66 rojects 4G Bucaramanga-Barrancamermeja- Yondó Length: 154 Km. eriod : 25 years Capex: USD 887 million Opex : USD 516 million MAIN FEATURES Fuente: CONES

67 Third Group 4G Capex* Opex* Km Current Status ADATATION FUND Bucaramanga amplona 411,68 315,18 133,1 amplona - Cúcuta 647,83 269,73 112,7 Approved by MHC and DN Approved by MHC and DN Ocaña - Cúcuta 767,68 347,36 195,5 In structuring Zipaquirá - Barbosa 995,82 670,24 145,7 In structuring Barbosa - Bucaramanga 598,59 458,70 215,5 In structuring Duitama - amplona 367,54 428,88 307,5 Approved by MHC and DN Sogamoso Aguazul - Mani 418,35 308,68 182,5 In structuring Chinchiná Mariquita 359,17 404, In structuring TOTAL 4.566, , ,5

68 National Benefits Fiscal Future Commitments (USD Billion) N Departments Total 4G $24,61 24 N Municipalities National Impactl (3) Stimate oblation Annual Growth GD Reducing Travel Time Total National opulation (2) 1,5% 30% Generated Jobs ioneers $3, ` ,58% (1) 30% Autopistas rosperidad Grupo I $4, ' ,5% (1) 35% Autopistas rosperidad Grupo II $4, Without Data (4) 39% Without Data (4) (1) Regional Average (2) Total National opulation Data Source: DANE (3) rojects are physically developed in 24 municipalities but the impact of the National rogramme is because increases the competitiveness of the economy improving connectivity between different regions of the country and generate a boost to employment in almost all regions. (4) No information available: The estructuring of the four projects have not completated.

69 ND Challenges in structuring Road rojects Structuring technical, legal and financial under the mechanism the San Gil-Charalá- Duitama Corridor, which includes the rehabilitation of approximately 20 kms and the operation and maintenance of the corridor. Structuring financed by the Support rivate articipation rogramme- S- ND. Status: In structuring

70 Airports in 4 cities BARRANQUILLA S AIRORT 2015 BARRANQUILLA Awarded : December 31st of 2014 OAYÁN ARMENIA NEIVA ARMENIA, NEIVA AND OAYÁN AIRORTS 2015 Submissions scheduled for April 10th of Source: ANI- National Infrastructure Agency

71 Mantecaña s Airport National rojects Object Construction, modernization of the land side and the management, operation, maintenance, commercial, exploitation and transfer of the land and airside of the Matecaña s Airport in ereira City Current State In prequalification process ublication of the invitation document in SECO: September 23rd Deadline for sumissions of interest expressions: November 18th The resolution of the list of prequalified (12) was published: February 2nd, 2015 Fuente: Aeromate - SECO

72 Fluvial rojects Magdalena s River navigation recovery Object Recovery of Magdalena s River navigation using schemes Description Between uerto Salgar / La Dorada - Bocas de Ceniza. Term: 10 years Works for river canalization OyM activities to guarantee : 4,5 foots on uerto Salgar/uerto Berrío stage; 6,0 foots on uerto Berrío/Barrancabermeja stage; 7 foots on Barrancabermeja/uente Laureano Gómez stage; and 37,5 foots until Bocas de Ceniza. roject will demand a total investment of (USD1,2 billion). Awarded (August 15 th ) Current State Source: Cormagdalena

73 ublic Buildings Fiscalía General de la Nación - Cali Object Design, construction, management, operation and maintenance of the Fiscalía General de la Nación Offices Cali and the provision of associated services through model Generalities Construction of the FGN Cali, La construcción de la FGN Cali, it s framed in the draft Urban Renewal "aradise City" that aims to improve the public space of the city center. Net area (office) + health + Batteries + communal areas Circulation and fixed points + Technical areas: 42,015,32 m2. Basement Area 1 and 2: 14,530,22 m2. TOTAL ROJECT AREA: m2 Commercial operation area: 754 m2 Estimated Investment: USD 80 MM Concession period: 15 years years (construction) In requalification Current Status Data Source: Estudio Diseñar, Estructurar e Implementar la Estrategia de articipación rivada para el Diseño, Construcción, Dotación, Operación y Mantenimiento de Sede para la Seccional Cali de la Fiscalía General de la Nación. Estructuración Valfinanzas S.A.

74 Justice sector / ublic buildings projects Superintendence of Notaries and Registry Bogotá D.C. Objective Design, construction, administration, operation and maintenance of the infrastructure and related services for the Superintendence of Notaries and Registry Offices (SNR) through a public-private partnership scheme. Basic Concepts Estimated area: m2 plus m2 of underground parking lots distributed this way: SNR: m2. Commercial infrastructure: m2. Estimated infrastructure investment: US$ 75 Million otential complementary services to be provided by the private sector: arking lots rivate offices Food court Bogotá D.C. Source: Study Design of the private capital entailment strategy for infrastructure solutions of judicial offices and the Superintendence of Notaries and Registry offices - Valfinanzas Structured Current Status Estimated Opening Bid rocess in 2015

75 Leading rojects in social economy Subnational Court Houses Ministry of Justice and Law Objective roperty management, design, construction, maintenance and operation of the physical infrastructure of 50 Subnational cout houses. Basic Concepts Estimated area: m2 (1.213 m2 for house): Estimated infrastructure investment: USD 62 MM Deadline:16.5 years 1.5 years (design and construction) 15 years (operation and maintenance) Current Status Structuring process completed Estimated Opening Bid rocess in 2015

76 Urban Renovation CAN roject Object Construction of a three-building complex where officials from ministries and various government agencies will be located in 16 floors. First construction of Ciudad CAN, an urban development plan that entails the renewal of an area of 213 acres. ublic initiative proposed by the National Company for Renewal and Urban Development Virgilio Barco Current Status Area: m² Start of works: Second quarter Construction term: 30 months roject at studies and designs stage. Fuente: Aeromate - SECO

77 Justice sector / ublic buildings projects Colombia s attorney general Cali Offices Objective Design, construction, administration, operation and maintenance of the offices for the Colombia s attorney general Cali offices and the provision of connected services, through a public-private partnership scheme. Basic Concepts OFFICES Location: Areas of urban renovation raised by the zoning plan, located in the zone known as the Global Centre of the city of Cali. Total project area: 56,545 sq mt rojected land area: Sq mt Institutional estimated area : Sq mt plus parking lots. Estimated infrastructure investment : US$ 75 Millions Cali. In pre-qualification Current Status Source: Colombia s General Attorney Offices

78 El Dorado 2 Airport Object Increase the operating capacity, competitiveness and development of the country's main airport. erform structuring a project that integrates the existing El Dorado Airport with the new airport El Dorado II. The project should consider how it would be the integrated Cundinamarca light rail or Regiotram with the new airport that will be built between the municipalities of Madrid and Facatativá. The airport will be consolidated as the main 'hub' of South America, not only of cargo but also of passengers. The project is in structuring.

79 Santa Marta s water delivery system Object ermanently provide drinking water and to increase the coverage and quality of this service in the city of Santa Marta, as well as improving the coverage and quality of wastewater management that occur in the city. In structuring. Current Status ublic Initiative roject

80 ND Challenges in structuring Social rojects Structuring technical, legal and financially a project that includes the restoration, construction, manning, operation and maintenance of the infrastructure of museums owned by the Ministry of Culture. Structuring financed by the rogramme to Support rivate articipation S ND. Status: In Structuring Structuring technical, legal and financially a project that includes the construction, manning, operation and maintenance of the infrastructure of a group of libraries (municipal, district or departmental), located in different municipalities or districts. Structuring financed by the rogramme to Support rivate articipation S ND. Status: In Structuring ND: National lanning Department

81 5. roductive and Social roject ortfolio Unsolicited roposals

82 Data Source: Vicepresidencia de Estructuración Agencia Nacional de Infraestructura / SECO Name I Ibagué Cajamarca I Malla vial del Meta Status Awarded 15/01/2015 Awarded 09/04/2015 CAEX (USD Million) rocesses Developed OEX (USD Million) VFM* (USD Million) 509,76 675,35 99,40 342,12 241,52 201,15 I Chirajará Fundadores / Bogotá Villavicencio I Departamentos del Cesar y la Guajira Awarded 23/04/2015 Awarded 19/05/ ,54 819,61 263,73 152,15 562,75 109,88 I Cambao Manizales Awarded 19/05/ ,72 310,51 101,10 VFM*: Value for Money

83 Awarded Road Transport I Ibagué - Cajamarca Contract value: 1,860,649 million pesos Awarded: January 15, 2015 (direct contracting) Financing: 100% private Studies, design, construction, operation, maintenance, social management, property and environmental of the second carriageway of the road Ibagué - Cajamarca, and operation and maintenance of Highway System, Chicoral variant, Gualanday variant, Gualanday -Ibagué, Gualanday - Espinal, icaleña Variant, North Branch and existing path Ibagué-Cajamarca. roponent: Originator romise of Future Society GICA SA comprised of Constructora Colpatria S.A. 29%, Mincivil S.A 29%, HB Estructuras Metálicas S.A 14%, Termotécnica Coindustrial S.A 15% and Latinoamérica de construcciones S.A Latinco S.A with a 13%. Data Source: SECO

84 306 unsolicited projects, 241 of them without public resources Invitation Notice Feasibility Feasibility in studies re-feasibility in studies Selection rocesss Awarded Rejected Total Roads Urban Transport ublic arking Street Lighting Urban renewal Traffic control Water and Sanitation Solid waste Trains and subway Airports Healed Diagnóstico ublic buildings Commercial retail Transport 6 6 Solicite información sobre su libreta militar. Obtenga información sobre la oferta educativa. Urban logistics risons 5 5 ublic arks 4 4 Sporting facilities Education 2 2 Airport logistics Urban Dam construction 1 1 ort logistics 1 1 Television 1 1 Housing 1 1 Document 1 1 Information systems 1 1 TOTAL Source: RUA

85 Road s rojects I Ibagué - Cajamarca Does not require public resources Studies, design, construction, operation, maintenance, social management and environmental in the second carriageway of the road Ibagué Cajamarca and operation and maintenance of the road system. Contract value: US$ 930 Million Status: Awarded I Cesar - Guajira Does not require public resources Construction, rehabilitation, operation and maintenance of road system to connect the departments of Cesar and La Guajira Status: Study Feasibility I La aila - Calarcá Does not require public resources Construction, Management, Operation and Maintenance of Road Corridors Second road La aila - The Wire; Double road El Alambrado - Barcelona - Calarcá and Administration, Operation and Maintenance Calarcá Cajamarca road. Status: Study Feasibility Source: RUA

86 Airports Airport Rafael Núñez - Cartagena. Does not require public resources Design and construction of a taxi driveway, the expansion of the aircraft parking area, Improvement of the passenger terminal area and installation of boarding bridges. Status: re-feasibility study Airport El dorado Does not require public resources Design, construction and maintenance for the adequacy of the outdoor infrastructure of the "El Dorado" airport in Bogotá. Status: re-feasibility study Source: RUA

87 Urban Transport Ligth Rail Transit in Bogotá Corredor Occidente Requires public resources Construction, operation and maintenance for a tram. Status: Feasibility study Ligth Rail Transit in Bogotá Corredor Sur Requires public resources Mass public transit system over the old rail located in the south of the city. Status: Feasibility study Source: RUA Source: RUA

88 Railroad s Concessions Total System Operational System km 996 km Current Concessions (Fenoco, acífico, Cerrejón) 3 Medium and long term Of the11 railroad`s concessions, 2 in Feasibility Study Stage. Railway Bogotá (La Caro) Belencito Santa Marta, El Doctor and Mamatoco. rivate Initiative 3 in re- feasibility Study Stage: Oceanic red railway Megaproject acífico Orinoco Corredor ferroviario Tumaco uerto Carreño roject Ferropista Armenia Cajamarca Source: Vicepresidencia de Estructuración Agencia Nacional de Infraestructura

89 Logistics Airports Las Américas Logistic ort (ANI) The project doesn t require public resources On private land adjacent to the north runway from El Dorado Airport. Expand storage capacity, processing, handling and moving cargo. Status: re-feasibility in study Logistic Airport Center(ANI) The project doesn t require public resources Cargo logistics center in public lands of Ernesto Cortissoz International Airport. Status: re-feasibility in study Source: RUA

90 Urban Renewal - Sports Sporting Scenarios: 3 initiatives in pre-feasibility study and 1 feasibility study. Architectural renovation, actualization, operation and maintenance of El Campin Coliseum. rivate initiative without public funds Estatus: Feasibility in study. Urban renewal: 12 initiatives in prefeasibility study and 1 feasibility study. Data Source: Registro Único de Asociaciones úblico rivadas RUA

91 Contact ublic rivate artnership rogram Fabio Villalba Diego Mauricio Ávila Angélica Velasco Coordinator Legal Advisor Advisor (571 ) (571 ) (571 ) Ext Ext Ext Shirley Mardonez Luis Fernando Castro Carlos Garay Advisor Advisor Advisor smardonez@dnp.gov.co lcastro@dnp.gov.co cgaray@dnp.gov.co (571 ) (571 ) (571 ) Ext Ext Ext Valentina Bonilla Advisor Laura Tarazona Advisor vbonilla@dnp.gov.co ltarazona@dnp.gov.co (571 ) (571 ) Ext Ext. 1322

92 National lanning Department