National Planning Department.

Transcription

1 National lanning Department

2 ublic rivate artnerships Regulatory Framework and roject ortfolio July 2014

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 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

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 47,1 million rincipal Cities: Bogotá (8,9 million) Medellin (3,4 million) Cali (3,1 million)

6 er capita GD has triple its value since GD per capita (USD) Source: IMF

7 Colombia has a bigger GD than its peers in the LA region GD 2012 (USD Billions) Colombia Mil Mill. USD Colombia s GD represents the 6,4% of the Latin American and the Caribbean GD. Colombia s GD represents: 15% of Brazil 31% of Mexico 77% of Argentina Argentina Venezuela Colombia Chile Otro AL y Caribe Source: IMF

8 Stable GD growth () 2014() 4,5 % Argentina Brasil Chile Colombia Ecuador Venezuela -4 (): rojection The Colombian GD growth rate is bigger than Brazil and Argentina. Source: IMF

9 Inflation rate Inflation 5,00% Total Inflation Without food Max. Min ,22 4,00% 8 7 3,00% 2,00% 2,49% 2,10% ,00% 0,00% ,94 Consumer rice Index has kept the range set up by the Central Bank (2.0% - 4.0%) Source: DANE

10 FDI USD Millions In 2011 Colombia attracted more FDI compared with 2010 Colombia`s main investors United States * USD millions Share: 23,3% United Kingdom USD millon Share 13,9% Chile USD millon articipación 9,1% Spain USD 3,598 millions Share 8,23% FDI in December 2012 is USD millions. *Central Bank current account data Between I, II and III quarter of 2013 FDI data reported by $ 13,251 million more than was reported in the same period of Source: BANRE

11 ositive Investment Environment Doing Business Ranking Variation * Strength - Investment rotection Index, 2013 (0 to 10) Colombia 37 erú 24 anamá 20 Brasil -5 Ecuador -7 México -10 Chile -11 Argentina -12 Venezuela -13 Costa Rica Colombia eru Chile Mexico anamá Brasil Argentina Venezuela 8,3 7,7 6,3 6 5,3 5,3 4,7 2, *ositive Values show ranking improvements in business environment.. Source: World Bank, Doing Business Report DN-DDE. Simple average of the extent of disclosure, extent of director liability and ease of shareholder suits indices. Source: World Bank, Doing Business 2013.

12 Unemployment % * 16,0 15,6 Unemployment rate (%) Unemployment Rate in permanent decline 15,0 14,0 15,0 14,1 13,6 Unemployment ended in December 2013 at 8.4% 13,0 12,3 12,0 11,0 11,8 12,0 11,2 11,3 12,0 10,8 10,4 10,0 9,6 9,0 8,0 * Rate of unoccupied people of the economic active population Fuente: DANE

13 Colombia s trade balance * US Million Exportaciones Exports Importaciones Imports Source: DIAN, DANE.

14 Gross Fixed Investment (%GD) ,0 24,0 22,0 22,4 23,0 23,5 22,4 22,1 23,7 23,5 20,0 18,7 19,4 20,2 18,0 17,3 16,0 14,9 16,0 14,0 12,0 10, Source: DANE

15 Colombia obtained investment grade issued by main credit rating agencies BBB Standard & oor's Ratings Services raised its long-term sovereign credit ratings on Colombia s foreign currency 'BBB' from 'BBB-' Baa3 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

16 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

17 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).

18 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.

19 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

20 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.

21 Access to modern infrastructure and equal opportunities remain a challenge for Colombia Quality of overall infrastructure Quality of roads Chile Mexico Uruguay Ecuador Brasil Colombia 3,4 Argentina eru Venezuela Quality of railroad infrastructure Chile Mexico Ecuador Uruguay eru Argentina Brasil Colombia Venezuela 2, Quality of port infrastructure Mexico Chile Ecuador eru Brasil Argentina Colombia Venezuela Uruguay 1,6 Chile Uruguay Mexico Ecuador Argentina eru Colombia Brasil Venezuela 3,2 0 0,5 1 1,5 2 2, = extremely underdeveloped; 7 = extensive and efficient by international standards Source: World Economic Forum. Global Competitiveness Report

22 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 / IBGD Source: DN

23 Chile Brasil erú México Colombia Uruguay Guatemala Costa Rica El Salvador Trinidad y Tobago Colombia s capacity Latin-American ranking anamá Honduras Jamaica araguay República Dominicana Nicaragua Ecuador Argentina Venezuela ,5 55,3 Strengths Weaknesses Investment Climate(78.1) Experience (46,7) Financial Facilities(61,1) Institutional framework(50.0) Regulatory Framework (62,5) Subnational Adjustment(50,1) 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

24 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

25 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

26 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)

27 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)

28 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

29 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

30 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

31 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

32 Basic Concepts: 1. Availability = in use serving with levels of service and standards of quality established 2. Remuneration by stages Exceptional Functional units of infrastructure for more than CO $ millions, (US $ 50 millions). 3. Definition of public contributions and possible contributions different to disbursements of public funds. Approve and Risk: 1. Contractual contingencies valuation. 2. Justification of using mechanism. 3. Approval of future terms before opening selection. General Regulation: 1. Reversal of the infrastructure 2. Custody of the project file. Decree (1467/2012) - Decree (100/2013) A de iniciativa pública 1. Sistema de precalificación. royectos de más de SMMLV ~ US $22 millones. Lista: 2 a 10 precalificados. 1. Estudios para abrir el proceso de selección. 2. Valor del contrato = capex y opex del proyecto. A de iniciativa privada 1. Disposiciones generales presentación iniciativas privadas 2. No podrán presentarse iniciativas privadas cuando: 1) Modifiquen contratos o concesiones existentes, 2) superen el 20% de recursos públicos, 3) cuando la entidad estatal haya adelantado la estructuración, cuente con los estudios terminados de pre-factibilidad - factibilidad y el contrato se encuentre publicado en el SECO. 3. Requerimientos mínimos presentación inciativas. 4. osibilidad de adquisición de estudios por parte del sector público. 5. Bonificaciones y manifestación de interés de terceros.

33 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

34 rojects awarded 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

35 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

36 rojects awarded 4G Girardot - uerto Salgar Girardot uerto Salgar Construction of new second lanes (55km), operation and maintenance (157km). 212,6 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

37 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

38 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

39 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

40 rojects awarded 4G Cartagena - Barranquilla MAIN FEATURES Length : Section 1, 117 km y Section 2, 36.7 km, for a total approx. de km. eriod : 25 years. Capex : CO billion Opex: CO 700 billons reliminary Source: ANI- National Infrastructure Agency

41 Leading rojects : Almost 3,000 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 IV st tranche km Tender date 1st tranche 2013-IV 2013-IV 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 IV 2013-IV 2014-I 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 TO CARRENO 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 Estimated Investment (billions of dollars) 24,4 OAYAN RUMICHACA CHACHAGÛÍ ASTO MOCOA Current Concessions News Early victories Source: ANI- National Infrastructure Agency

42 Center South Group 1 Honda Mariquita Ibagué La Dorada to Salgar Girardot to Bogotá BOGOTA MAIN FEATURES Kilometers: 879 Km Actual Tolls: 6 New Tolls: 7-9 TOTAL CAEX (Billions USD): 1,3 ROAD CORRIDORS: Ibagué uerto Salgar Girardot ( 313 km) Girardot - Neiva (166 km) Neiva Mocoa- Santana (400 km) Neiva Early Victory Total Km 313 Total CAEX US 524 mm Existing tolls 1 New tolls 3 Mocoa Improvement and rehabilitation of existing roads Bridges construction on Magdalena river Construction of second traffic lanes Tolls Santana Early Victory Source: ANI- National Infrastructure Agency

43 South West Group 2 Ibagué MAIN FEATURES B/ventura La aila Loboguerrero Kilometers: 783Km Actual Road Tolls: 8 New Road Tolls: 3 TOTAL CAEX (Billions USD): 2,75 Dagua Cali Buga Mulalo ROAD CORRIDORS: Ibagué La aila (135km) Buga Buenaventura ( 118km) Stder Quilichao Mulaló Loboguerrero (90km) Santander de Quilichao Chachagüí/asto Rumichaca (440km) Early Victory Total Km 90 Total CAEX US 585 mm Chachagüi asto Existing tolls 0 New tolls 2 Rehabilitation of existing roads Construction of a new bidirectional road Rumichaca Tolls Early Victory Source: ANI- National Infrastructure Agency

44 Center West Group 3 MAIN FEATURES ARAUCA Kilometers: 1.389Km Actual Road Tolls: 14 New Road Tolls: 5 TOTAL CAEX (Billions USD): 3,93 Hato Corozal Tame to Carreño Guasca Sisga Briceño La Calera Choachí Caqueza El Tablón Villaviecio Chirajara ore YOAL Aguaclara to Gaitán to López te Arimena ROAD CORRIDORS: Villavicencio Arauca (823km) Corredor erimetral del Oriente (154km) Doble calzada Bogotá Villavicencio (72km) Malla Vial del Meta (340km) Early Victory Total Km 154 Total CAEX US 313 mm Existing Tolls 2 New Tolls 2 Tolls Early Victory Granada Improvement and rehabilitation of existing roads Construction of second traffic lanes Source: ANI- National Infrastructure Agency

45 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 Distracció n Valledupar La Florida La az araguachón Cuestecit as San Juan Del Cesar MAIN FEATURES Kilometers: Km Actual Road Tolls: 11 New Road Tolls: 6 TOTAL CAEX (Billions USD): 2,91 ROAD CORRIDORS: Cartagena Barranquilla - Malambo ( 152 km) Barranquilla Santa Marta (93km) San Roque - araguachón (474 km) Caucasia Cruz del Viso (434 km) Cereté - onedera (334 km) Corozal Sincelejo Yatí El Burro San Roque Total Km 152 Early Victory Total CAEX US 752 mm Cereté Ciénaga De Oro El Viajando Sahagún San Marcos Caucasia Tamalameque Existing tolls 2 New Tolls 1 Improvement and rehabilitation of existing roads Maintenance of existing roads Construction of second traffic lanes Tolls Early Victory Source: ANI- National Infrastructure Agency

46 Roads for rosperity El Tigre Región Caribe Caucasia MAIN FEATURES Kilometers: Km Actual Road Tolls: 10 New Road Tolls: TOTAL CAEX (Billions USD): 7,25 Sta. De Antioquia ortal Occidental T. de Occidente Bolombolo La Virginia MEDELLIN Camilo C orcesit o Ancón Sur La intada Irra La Manuela S.J Nus Remedios T. Dolores to. Berrio Ruta del Sol ROAD CORRIDORS: Grupo 1 (268 Km) Grupo 2 (412 Km) Grupo 3 (359 Km) Total Km 268 Existing tolls 4 Early Victory Total CAEX New Tolls Improvement and rehabilitation of existing roads Construction of new roads US 2095 mm To be defined Tolls Zona Cafetera Early Victory Source: ANI- National Infrastructure Agency

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

48 Other roads La Mata Tibu Convención MAIN FEATURES Kilometers: 459 Km Existing tolls: 2 TOTAL CAEX (Billons USD): 0,87 ROAD CORRIDORS: Cúcuta Tibú La Mata (331 Km) CÚCUTA Bucaramanga Barrancabermeja Yondó (128 Km) B/Bermeja Tolls Early Victory Source: ANI- National Infrastructure Agency

49 12 projects in bidding process with over $ 16 billion investment roject State Barranquilla Girardot - uerto Awarded Salgar Cartagena Mulalo Loboguerrero erimetral de Oriente Awarded rojects to be awarded in June El Tigre Alto de Dolores Bolombolo Medellín uerto Berrío La intada La Virginia Ancón Sur to. Salgar Honda Tres uertas Sesquilé La Calera Loboguerrero Girardot Cáqueza Mulaló Caucasia Remedios Estimated Kilometers 1582 Total Estimated Investment (CAEX) CO$ billions / Dic Cartagena Barranquilla Awarded Conexión Norte Rio Magdalena 2 acifico 1 Awarded acifico 2 Awarded acifico 3 Awarded Rio Magdalena 1 Autop. Mar 1 Autop. Mar 2 Bidding rojects These projects have approvals from Ministry of Finance and ND Structuring process completed Source: ANI- National Infrastructure Agency

50 Mulalo - Loboguerrero MAIN FEATURES Length : Section Km, Section Km, Section Km, Section Km Y Section Km for a Total of km eriod : 25 years Capex: CO billons Opex: CO 500 billons reliminary Source: ANI- National Infrastructure Agency

51 erimetral de Oriente de Cundinamarca MAIN FEATURES Length : 156,59 Km eriod : 25 years Capex : CO billion Opex: CO 600 billons reliminary Source: ANI- National Infrastructure Agency

52 Conexión Norte MAIN FEATURES Length : Section 1, 58 Km y Section 2, 87 Km, for a Total of 145 km. eriod : años Capex : CO 1,000 billón Opex: CO 600 billones reliminary Source: ANI- National Infrastructure Agency

53 Rio Magdalena 2 MAIN FEATURES Length : Approx. 144 Km. eriod : 25 years Capex: CO billons Opex : 800 billons CO reliminary Source: ANI- National Infrastructure Agency

54 acifico 3 MAIN FEATURES Length : Approx. 142 Km eriod : 25 years. Capex: CO billons Opex : CO millions reliminary Source: ANI- National Infrastructure Agency

55 Rio Magdalena 1 MAIN FEATURES Length : Approx. 161 Km eriod : 25 years Capex: CO billons Opex : CO 174 billions reliminary Source: ANI- National Infrastructure Agency

56 Mar 1 MAIN FEATURES Length : Approx. 176 Km eriod : 25 years. Capex: CO billons Opex : CO 700 billons reliminary Source: ANI- National Infrastructure Agency

57 Mar 2 MAIN FEATURES Length: 166 Km. eriod : 16 years. ( ) Capex: millions CO Opex : millions CO Calzada Nueva reliminary Source: ANI- National Infrastructure Agency

58 Airports in 4 cities BARRANQUILLA BARRANQUILLA S AIRORT 2014-III ARMENIA NEIVA ARMENIA, NEIVA AND OAYÁN AIRORTS 2014-III OAYÁN Source: ANI- National Infrastructure Agency

59 Fluvial rojects Magdalena s River navigation recovery Object To recover 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). On bid process Current State Source: Cormagdalena

60 Strategic Social rojects Sector Subsector rojects Objective Current State/ Studies Estimated opening date of bidding process Estimated investment (US $ MM) JUSTICE ublic buildings Headquarters Superintendencia de Notariado y Registro and Institutional Offices Build m m2 of parking space In prequalification 2nd quarter JUSTICIA ublic buildings Subnational Court Houses Build m2 (1.213 m2 for house) In the validation phase 4th quarter JUSTICE ublic buildings Attorney General: Cali Offices Build sq m + parking lots In bidding rocess 2nd quarter SOCIAL ROTECTION ublic Buildings Early Childhood Care and Development Centers 300 children per center (12 centers) Structured and initiating budgetary procedures. To be defined 25 MULTISECTOR ublic Buildings Urban Renovation of the National Administration Center Actual: sq m otential: 932,000 sq m In the structuring phase To be defined To be defined

61 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$ 80 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 Current Status Structured In prequalification process. Estimated opening date of the bidding rocess: 2nd quarter 2014.

62 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 In validation phase from MHC y DN Estimated Opening bidding process: 2nd quarter 2014

63 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. rojected land area: Sq mt Institutional estimated area : Sq mt plus parking lots. Estimated infrastructure investment : US$ 75 Millions Cali. Current Status Current state: Bidding rocess. Estimated opening date of the bidding rocess: 2nd quarter Source: Colombia s General Attorney Offices

64 Early childhood care and development centers The goal for the next for 4 years, is to give care and development to children, of vulnerable population, through the strategy called: de cero a siempre The structuring process started in December The ilot roject will be implemented in major cities. Centers will have at least a 300 children capacity. Long-term contractual relationships. s will be funded by the government Estimated area: 2640 m2 Objective As a part of the strategy de cero a siempre, is planned the construction, maintenance and operation of Early Childhood Care and Development Centers, through ublic rivate artnerships. Basic Concepts Estimated infrastructure investment: USD 25 Million Current state: In structuring phase Current Status Estimated opening date of the bidding rocess: 2nd quarter Source: Valfinanzas S.A.

65 CAN Urban Renewal Area description The CAN - National Administration Center is located in the western side of Bogotá in a zone characterized by increasing valorization of properties and real estate growth. This zone gathers 9 national administrative institutions in an area of 150 hectare. Objective hysical and functional renewal of the National Administration Center through public private partnership schemes ENTITIES No. Current Status OFFICIALS No. REQUIRED AREA m2 Entities leasing offices in other sectors Entities already propietaries in other sectors Entities already placed in CAN TOTAL In structuring phase - The Urban Renovation Agency Virgilio Barco will be in charge of the project

66 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

67 Source: RUA Diagnóstico Rejected Settlement of Terms Notice of invitation Solicite información sobre su libreta militar. Obtenga información sobre la oferta educativa. Feasibility Study Feasibility 200 projects in study Rejected Feasibility refeasibility Study refeasibility Rejected refeasibility Roads Urban Transport ublic arking Urban renewal Traffic control Street lights Solid waste Train and Subway Healed Airports Water and Sanitation ublic Buildings Commercial Urban Logistics ublic arks 4 4 ublic services Sporting facilities Airport Logistics 2 2 risons 1 1 Dam construction 1 1 Education 1 1 ort logistics 1 1 Urban 1 1 Television 1 1 Housing 1 1 Document Management 1 1 Cultural centers 1 1 Information systems 1 1 TOTAL Total

68 Road`s rojects I Ibagué - Cajamarca Don't require public recourses 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. Status: Study Feasibility I Cesar - Guajira Don't require public recourses Construction, rehabilitation, operation and maintenance of road system to connect the departments of Cesar and La Guajira Status: Study Feasibility I La aila - Calarcá Don't require public recourses 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

69 Airports Airport Rafael Núñez - Cartagena. Don't require public recourses 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 Don't require public recourses Design, construction and maintenance for the adequacy of the outdoor infrastructure of the "El Dorado" airport in Bogotá. Status: re-feasibility study Source: RUA

70 Urban Transport Ligth Rail Transit in Bogotá Corredor Occidente Require public recourses Construction, operation and maintenance for a tram. Status: re-feasibility study Ligth Rail Transit in Bogotá Corredor Sur Require public recourses Mass public transit system over the old rail located in the south of the city. Status: re-feasibility study Source: RUA Source: RUA

71 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

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

73 Contact ublic rivate artnership rogram Julian Márquez Diego Mauricio Ávila Angélica Velasco Coordinator Legal Advisor Advisor (571 ) (571 ) (571 ) Ext Ext Ext Julio Cesar Galindo Fabio Villalba Luis Fernando Castro Advisor Advisor Advisor [email protected] [email protected] [email protected] (571 ) (571 ) (571 ) Ext Ext Ext Shirley Mardonez Valentina Bonilla Samuel García Advisor Advisor Advisor [email protected] [email protected] [email protected] (571 ) (571 ) (571 ) Ext Ext Ext. 1303

74 National lanning Department