The Colombian National Infrastructure Agency (ANI) has awarded its flagship Canal Del Dique canal P3.
Sole bidder Sacyr has been awarded the $3.2bn project to upgrade 115km of waterway in the country.
The project only received one bid despite over 50 firms such as Macquaire, I Squared and MUFG registering their interest at an early stage.
The successful awarding is a win for the country, especially after its other major waterway P3, River Magdalena, failed to secure any bids.
The project came under political pressure during the end of the previous regime’s term, with the outgoing vice president facing allegations of having private interest in the project.
Since taking power, the new administration has conducted numerous environmental and public consultations to support the project’s success.
“The award of the Canal del Dique was our priority from day one, but to achieve this, no matter what, we wanted to listen to the communities,” said Guillermo Francisco Reyes González, Minister of Transportation.