Skip to main content

Colombia’s Confis approves funds for Mulalo-Loboguerrero road project

Colombia's fiscal policy council Confis has approved more than US$700 million of funding for the construction of the 31.8km road connecting Mulalo and Loboguerrero in Valle del Cauca. Following the fiscal approval, Treasury minister Mauricio Cardenas has given the green light to the project which will benefit over 147,000 people and create 4,773 jobs. In total, Confis has approved $2.75 billion (COP 5.3 trillion) for infrastructure projects. Some of the sum will also be invested in the connection between C
November 25, 2013 Read time: 1 min
Colombia's fiscal policy council Confis has approved more than US$700 million of funding for the construction of the 31.8km road connecting Mulalo and Loboguerrero in Valle del Cauca.

Following the fiscal approval, Treasury minister Mauricio Cardenas has given the green light to the project which will benefit over 147,000 people and create 4,773 jobs. In total, Confis has approved $2.75 billion (COP 5.3 trillion) for infrastructure projects. Some of the sum will also be invested in the connection between Cartagena and Barranquilla to improve mobility and access to the port area on the Magdalena river.

Related Content

  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
  • US states spending on transport development
    March 25, 2022
    A new report shows US states are spending on transport development.
  • Bosnia Herzogovina highway project receiving EBRD loan
    September 12, 2018
    A loan from the European Bank for Reconstruction and Development (EBRD) worth €180 million will help to pay for the construction of the Corridor Vc highway project. This highway is of key importance for the economic development of Bosnia and Herzegovina as it will provide and improved transport connection with Europe. The loan will help to pay for the construction of three new sections of Corridor Vc, measuring some 16km. The loan will be provided in two tranches, with the first of up to €120 million and b
  • Colombia’s Toyo Tunnel project providing key link
    May 20, 2016
    Colombia’s Toyo Tunnel project will provide an important new link for the country, writes Mauro Nogarin. The new Toyo Tunnel project is of immense importance for Colombia, improving transportation and providing an important road link. The work is being carried out by the Antioquia to the Sea Consortium, which comprises of FCC Construction, Cass Builders and Company, Carlos Alberto Solarte and Estyma Studies and Handling. These firms are building the Toyo Tunnel project and the various access roads, with the