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Cúpica – Urabá

Railway project between the municipalities of Cúpica (Chocó) and Turbo (Antioquia)

Summary


Objective

Define and develop an efficient railway corridor between Cúpica and Turbo that optimizes logistics times and costs, meets technical and environmental standards, and strengthens regional connectivity.

Key Goals

  • Evaluate and select the optimal 198.6-km alignment with tunnels and viaducts.
  • Develop prefeasibility and feasibility studies in compliance with technical standards.
  • Define PPP participation and financing scheme.
  • Ensure environmental compliance and social management.

Market Opportunity

Rail transport has lagged behind road transport. A modern railway corridor between Cúpica and Turbo offers enhanced competitiveness, reliability, and reduced freight transport costs, complementing the national network.

ESG Considerations

Environmental: Design includes viaducts and tunnels to minimize impacts and protect ecosystems; wildlife passage measures.

Social: Local job creation and productive linkages; improved regional connectivity.

Governance: Evaluation under CONPES and MHCP/DNP frameworks; coordination among ANI, UPIT, and territorial entities

 

Financial Indicators


IRR

N/A.

(project in profiling/prefeasibility; returns not yet calculated)..

NPV

N/A.

(projections under development; subject to demand and financial structure studies).

Project Schedule


Profiling completed/transferred to UPIT.

Duration: Not estimated

Prefeasibility: route definition and CAPEX/OPEX estimates.

Duration: To be defined by UPIT

Feasibility and PPP structuring.

Duration: After prefeasibility

Construction and commissioning

Duration: According to structuring results.

Business Model


Key Partners

  • National Infrastructure Agency (ANI)
  • Transport Planning Unit (UPIT)
  • National Government and territorial entities
  • Private investors/concessionaires

Key Activities

  • Route, prefeasibility, and feasibility studies.
  • Technical, financial, and legal structuring (PPP).
  • Environmental and social management.
  • Construction, operation, and maintenance of the corridor.

Value Proposition

  • Reduced freight transport times and costs.
  • Improved reliability and capacity of the rail system.
  • Sustainability focus with lower environmental impact.

Customer Segments

  • Productive chains and companies with freight needs.
  • Logistics operators.
  • National and territorial governments.
  • Local communities benefiting from employment and infrastructure.

Revenue Streams

  • Railway concession/operation revenues.
  • Regulated tariffs and fees.
  • PPP schemes with early-stage public leverage.

Cost Structure

  • CAPEX and OPEX depending on scenario.
  • Study and environmental licensing costs.
  • Construction, operation, and maintenance of the line.

Risk Plan


Event Probability Impact Rating
Alignment definition and complexity (tunnels/viaducts) Medium High Significant
Structuring and investment costs Medium High Significant
Environmental management and licensing Medium High Significant
Social management and community acceptance Low Medium Moderate
$28 billions COP capture scenario

STATE: In search of investment
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