Navelana Consortium Bags Magdalena River Dredging Gig
- Business & Finance
Colombia’s government has awarded a $1.33 billion contract to the Navelena consortium, led by Brazil’s Odebrecht SA, to improve navigability on the Magdalena River.
This deepening program will be carried out along a 908-kilometer stretch of the river between the town of Puerto Salgar and the Caribbean port city of Barranquilla.
“This is undoubtedly the beginning of the river’s rebirth and the start of the resurgence of many intermediate cities,” stated Augusto Garcia, the director of Cormagdalena, the government agency tasked with managing the Magdalena River watershed.
The contract awarded to the Navelana consortium will involve construction of navigation channels, dredging and maintenance of the river over a period of 13.5 years.
August 18, 2014