Deals

Ernesto Cortissoz P3 draws 29 potential auditors

As part of the Colombian concessions process, third party auditors are heavily competing to supervise the construction phase of major works.

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With the Ernesto Cortissoz Airport construction public-private partnership (PPP ; P3) project deal closed last month, Colombia's Agencia Nacional de Infraestructura (ANI) is now in the process of reviewing potential auditors to oversee the construction phase of the project.

The contest of merits, which is the process by which ANI decides which bidder lands the job, was brought to a close last week for the airport P3, drawing 29 potential proponents for the agency to choose from.

The auditing contract is valued at COP$19.17 billion ($7.45 million; €6.84 million), and the contract period is 96 months.

The 29 bidders include several consortia, as well as two single-party bidders, Concol Engineering SAS, and Technical and Economic Consulting SA Consultecnicos.

An ANI representative said that with the application period for the contest of merits now closed, the agency will review each of the potential partners and make a decision in roughly two months, at which time the agency will announce the preferred proponent.

Once selected, the preferred proponent will oversee the construction phase of the project and act as ANI's “eyes and ears,” reporting to the agency should any adverse circumstances come to light, the representative said.  

The COP$345 billion P3 concession contract for airport reconstruction and management was officially closed in early March, with Concessionaire Sociedad Grupo Aeroportuario del Caribe SAS selected as preferred proponent. During the construction period, ANI expects the project will create a total of 2,400 jobs.