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 billones COP escenario captable

STATE: In progress

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