The World Bank Group has launched a request for expression of interest (RFEOI) seeking consultant support for Bogota's Metro Line 1 Transit-Oriented Development Strategy and structuring of a transaction model to mobilize private sector financing.

The Consultant will provide technical, financial, and analytical support for the structuring of a transaction model for the Bogota Metro TOD strategy to mobilize private sector financing in the context of the Calle 26 Station TOD pilot. In particular,  a real estate market analysis that also feeds into a World Banks regionally integrated land use and transport modeling effort, a Highest and Best Use for the TOD pilot area and real estate asset classes, the assessment of the potential value captured in the pilot area, and the design of a proposed transaction model and structure with an analysis on how that value could be captured and reintegrated as revenues of the metro project or the city for TOD infrastructure interventions. The analysis and recommendations of land-value capture instruments are expected to mobilize private investment through real estate operations and bring financing for the unfunded TOD infrastructure elements of the Bogota Metro Project.

The deadline to submit the interest is June 9, 2020. You can find more details about this RFEOI on our business opportunity page here.