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Colombian President Juan Manuel Santos said the project to build a highway system won’t be awarded to Interconexion Electrica SA (ISA), a Colombian energy and roadway company, El Tiempo reported.
The project will be assigned through a public auction because the company, known as ISA, didn’t meet the necessary legal requirements, Santos said June 8, the Bogota-based newspaper said.
The project will cost about 17 billion pesos ($10 million) and will be directed by Federico Restrepo, former chief executive officer of Empresas Publicas de Medellin SA, El Tiempo said.
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