Colombia Awards $674.5m in projects to Sacyr

The National Infrastructure Agency (ANI) said that the Colombian government on Wednesday granted a contract worth 3.25 trillion pesos ($674.5 million) to the Spanish engineering company Sacyr for the reconstruction and upkeep of the Dique Canal.

The Dique Canal was created in the 16th century to facilitate travel between the Magdalena River and the city of Cartagena in Colombia’s Caribbean area.

The initiative will restore damaged ecosystems and lessen the effects of potential flooding across a large area of the South American nation. It is anticipated to create 61,000 employment over its initial 15-year lifetime.

According to a statement from the ANI, the environmental mega-project is necessary to facilitate the movement of cargo via its waterways to Colombia’s ports in the Caribbean.

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