22 de Julio 2020

Health infrastructure project in Bogota, finalist in the P3 Awards 2020

Foreign Direct Investment

The project for the construction and operation of the new Bosa hospital, first in its sector to be built under a Public Private Partnership (P3) scheme in Colombia, has been nominated as part of the category "Best Social Infrastructure Project" at the P3 2020 Awards, which will be presented in January 2021.

P3 hopsital

The project for the construction of the new Bosa hospital in Bogota, which was structured and awarded under Public Private Partnership (P3) scheme, has been nominated for the P3 2020 Awards, the most important event of the construction industry, that highlights the best P3 projects in the Americas.

Bosa project was chosen for the category "Best Social Infrastructure Project", and it competes with other five projects from Canada and the United States. The winner will be revealed on January 28th of next year, during the award ceremony in New York City.

The P3 Awards are considered the largest and most prestigious in the industry, bringing together over 400 key decision makers from the public and private sectors to recognize and reward the best projects of this category.

"The selection of this PPP project as one of the most important social infrastructure projects in the Americas, confirms the importance of this contract scheme and assures the benefits that it can provide to Bogota in developing high-impact infrastructure projects" stated Luisa Fernanda Mesa, Manager of Investment Promotion at Invest in Bogota, the entity that supported the promotion of the project and assisted some of the foreign companies which participated in the bidding process.

One of the companies which was part of Bosa Hospital structuring team was Currie & Brown, a consultancy British firm specialized in high impact projects and which arrived in Colombia in 2015, supported by Invest in Bogota.

The structuring team comprised Currie & Brown, FDN, IFC and Durán & Osorio Law firm. The team performed the architectural designs, engineering studies, and risk analysis, among other responsibilities. The project was adjudged to the Spaniard company Grupo Ortiz, that has also been accompanied by Invest in Bogota.  

According to data from the city of Bogota, the construction, provision, and operation of the new Bosa hospital for the next 15 years will require an investment of more than $270 million dollar. This hospital will equip the city with 215 new beds and will focus on medium and high complexity services, such as: chronic diseases, cardiovascular diseases, kidney, diabetes, early detection of cancer, and osteoarthritis.