A Spanish company asked Colombian authorities to prequalify it to bid for the Bogotá north accesses improvement project.
The project, to be carried out under the public-private partnership model, is known locally as Accesos Norte Bogotá.
Sociedad Anónima de Obras y Servicios - Copasa is the firm seeking prequalification, according to a statement from the office of Colombia's vice president, Germán Vargas Lleras.
The project was initially designed and proposed by the consortium Promesa de Sociedad Futura, comprising Colombian engineering and construction companies Integra, Castro Tcherassi, Civilia, Ofinsa Inversiones, Equipo Universal and Mincivil.
If no other proposals had been received, the contract would have been awarded, automatically, to Promesa de Sociedad Futura.
"This is very good news for the city, which urgently needs work that improves mobility carrying out. Bogotá cannot lag behind in the infrastructure revolution which is transforming the country. We gain nothing building modern highways if routes into cities are snarled with massive traffic jams that increase the logistics costs of passenger and freight transport " Vargas Lleras said.
On August 3, Colombia's national infrastructure agency ANI is due to establish whether firms seeking prequalification meet the requisite technical and economic requirements.
A list of prequalified firms is then due to be published, followed by the launch of a tendering process in which only those companies can participate.
Required investment is estimated at 458bn pesos (US$155mn).
The project seeks to ease traffic congestion along capital Bogotá's northern accesses by improving the corridors Autopista Norte and Carrera 7. Work involves widening three stretches totaling more than 11km.