The Inter-American Development Bank (IDB) has approved a conditional credit line for investment projects of US$415 million and an initial credit of US$50 million under this line to help finance the Line 2 Program of the metro system in Bogota, Colombia.
The city's second metro line will be a heavy rail system, primarily running underground, covering a distance of 15.5 km with 11 stations. The main goal of the Credit Line and the initial project approved by the IDB Board of Directors is to enhance mobility in Bogota by promoting public transportation through improved services.
The electric train technology of Line 2 is anticipated to decrease greenhouse gas emissions by 800 tons annually, significantly reducing air pollution in the city. Additionally, the new line will improve accessibility for individuals with reduced mobility, enhance safety for women by implementing measures against gender-based violence, and increase overall passenger comfort. The first credit operation will support various construction works, including tunnel construction, station development, a work yard, and the reconfiguration, adaptation, and equipping of universally accessible urban public spaces and roads along the metro route. The operation also encompasses social and property management.
Sacyr Concesiones has announced that it closed the financing of the 4G road project connecting Pamplona and Cucuta (Colombia) for US$642 million.
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The Development Bank of Latin America and the Caribbean (CAF) and the Company Metro de Bogotá SA signed a US$255 million financing agreement for Bogotá Metro Line 2 development project in Colombia.
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Colombia’s national infrastructure agency ANI has awarded the La Dorada - Chiriguaná railway rehabilitation concession to Consorcio San Felipe Férreo.
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National Infrastructure Agency (ANI) has announced construction progress for road public-private partnership (PPP) projects in Colombia.
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The National Infrastructure Agency (ANI) and the concessionaire Nueva Vía al Mar (Covimar) have inked an agreement to start the construction, operation and maintenance phase of The Mulaló - Loboguerrero road in Valle del Cauca, Colombia.
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