Congreso de la Infraestructura CCI

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Frequently asked

Glossary

1

APP (Asociación Público-Privada / PPP)

Colombia's legal route for long-term contracts in which a private party designs, finances, builds and operates public infrastructure and is paid against availability and service levels. Law 1508 of 2012 sets the framework used across the road, rail, airport and social-infrastructure programmes discussed at the Cartagena congress, and most project panels assume delegates already read APP risk allocation in these terms.

2

Concesión (concession)

A contract where the state grants a private concessionaire the right to build and operate a piece of infrastructure for a fixed term, earning tolls, tariffs or availability payments, after which the asset returns to the state. Road, port, airport and rail concessions are the core of the Colombian pipeline presented at this event.

3

ANI (Agencia Nacional de Infraestructura)

The national agency that structures, tenders and manages Colombia's transport concessions, including the 4G and 5G road waves, airports and rail projects. ANI acts as grantor in most concession contracts discussed in Cartagena, so its project pipeline updates are usually the most attended sessions.

4

INVIAS (Instituto Nacional de Vías)

The national road institute responsible for the non-concessioned primary and secondary network, plus rehabilitation, maintenance and public works contracts. Relevant to contractors and suppliers whose business model is public obra pública rather than concession equity.

5

Interventoría

Mandatory technical, administrative, financial, legal and environmental supervision of a public works or concession contract, performed by an independent firm appointed by the contracting entity. Interventoría companies are a distinct delegate and exhibitor segment at the congress, selling assurance and audit capacity rather than construction.

6

Obras por impuestos

A Colombian mechanism that lets companies settle part of their income tax by executing public infrastructure projects in ZOMAC municipalities and other designated territories. It matters to contractors and corporate buyers looking for alternative funding routes when municipal budgets are tight.

7

Quinta Generación (5G) road concessions

In Colombian infrastructure usage, 5G means the fifth generation of road concessions tendered after the 4G programme, bundling APP road, rail and river navigability projects - not mobile telecoms. Delegates should read 5G in this sense on the congress agenda unless a session is explicitly about connectivity.

8

Otrosí

A written addendum that modifies an existing contract, whether scope, term, value or payment schedule. Otrosí discipline and its limits are a standing compliance and audit topic for concessionaires, and often the difference between a viable and a distressed project.

9

Reversión (handback)

The return of a concession asset to the state at the end of the contract term in the condition the contract requires. Reversion obligations drive maintenance capex decisions in the final years of a concession and are frequently raised in ANI supervisory discussions.

10

Equilibrio económico y financiero del contrato

The contractual balance between the parties' obligations and the economic assumptions behind them. When an unforeseen event breaks that balance, the concessionaire can claim re-establishment through an otrosí, a contingency mechanism or arbitration, which is why risk matrices are scrutinised so closely in Colombian concessions.

11

Regalías / SGR

Royalties from extractive industries channelled through the Sistema General de Regalías to finance regional infrastructure such as roads, water and schools. A parallel funding stream to the national budget, frequently cited as the co-financing source for territorial projects.

12

PMTI (Plan Maestro de Transporte Intermodal)

The long-term national plan that sets corridor, port, rail and airport priorities behind the project pipeline. It is the reference document that explains why specific corridors, not isolated works, are tendered.

13

Valorización

A local betterment levy charged on properties that gain value from a public work, used by municipalities to co-fund urban roads and utilities. A recurring topic for city-level projects presented alongside national concessions.

14

Findeter

Financiera de Desarrollo Territorial, the state-owned development bank that lends to municipalities and regions for infrastructure. Often appears as co-financier for water, urban and territorial projects that are too small for a national concession.

15

Peaje (toll)

The user charge at toll plazas that underpins revenue in most road concessions. Toll levels and indexation are fixed in the contract and adjusted annually, so traffic and tariff assumptions are the first thing concessionaires present to investors.