The World Bank has launched a tender process to seek consultants for a waste PPP project in Colombia.

The International Finance Corporation (IFC), a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments.

One of IFCs priority areas of work is improving the sustainability and enhancing the competitiveness of cities by addressing their challenges and needs in terms of access to infrastructure.

IFC aims to support select cities improve urban service delivery via the attraction of commercial capital and/or private service providers that spur the overall efficiency and innovation in the implementation of key infrastructure projects. By doing so, IFC will generate high impacts in terms of access to infrastructure, lower cost to business, improving efficiency and generating financial savings in terms of operating costs, improving quality of life, economic growth and reducing GHG emissions.

In Bogota, there is an interest in hiring a firm to conduct the appropriate technical, legal and economic expert assessment to the municipal waste solid waste services in order to increase the amount of recycled residues, reduce the GHG emissions and pollutants, and enforce different types of technologies and determine if a public private partnership (PPP) or a conventional public work approach will provide greater value for money.