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.
Road Structures

Related Content

  • Russia new programme for developing high-speed roads
    January 14, 2019
    Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
    Read More
  • Danish-German Fehmarn Belt road and rail tunnel hits funding snag
    July 9, 2015
    A Danish newspaper has learned of a significant European Union funding gap for one of Europe’s most ambitious transportation road and rail projects. The Fehmarn Belt Fixed Link would connect the German island of Fehmarn with the Danish island of Lolland. A submersed tunnel will cross the 18km-wide Fehmarn Belt, or Fehmarn Strait, in the Baltic Sea. Last February news emerged that contractors had revamped their cost estimates, adding nearly €1.2 billion to the project. This put the final cost of the 18
    Read More
  • Colombia’s transport plan is seeing the road network expand
    September 11, 2017
    Colombia's strong focus on infrastructure development from 2011-2017 has seen the country make vast improvements to its road network. In all the National Infrastructure Agency (ANI) has invested US$7.94 billion in the construction of 1,435km of new roads as well as over 200 new bridges. Colombia’s capital Bogota has benefited from a series of transport projects during this period. Meanwhile four highway projects will improve Bogota’s connections with the rest of the country.
    Read More
  • Colombian highway connection being built
    March 27, 2019
    Construction work is well underway for Colombia’s Autopista Mar 1 motorway project. The route is due for completion in 2022, connecting the country’s Caribbean and Pacific coasts through Medellin. The project includes construction of the Tunel de Occidente. A finance package worth US$713 million in the shape of loans from eight banks is helping fund the project. Work is also ongoing for the Conexio Norte routelinking Remedios with Caucasia. This project should be complete by 2021. Meanwhile the Via del Nu
    Read More

Highlighted Content