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

  • Successful Eurobitume conference in Istanbul
    June 26, 2012
    The Eurasphalt & Eurobitume 2012 event in Turkey has attracted record attendance figures - Mike Woof reports A strong focus on sustainability has been the focus for the 5th Eurasphalt & Eurobitume Congress held in June 2012 at Turkey’s Istanbul Lutfi Kirdar Congress Centre. The conference had as its theme: Asphalt, the sustainable road to success and attracted the highest ever number of attendees for this four yearly event. In one of the opening presentations Turkey’s transport minister, Binali Yildirim, sp
  • Tackling Florida’s highway congestion
    August 5, 2016
    Congestion is a major problem in certain areas of US state Florida. Large number of commuters and tourists means that central Florida’s Interstate 4 (I-4) highway suffers particularly from congestion. Its proximity to Disneyland means that the traffic often comes to a complete standstill. A 2012 report from the Texas Transportation Institute ranked Orlando 13th in the US for traffic congestion, with more than 1.5 million daily trips on I-4. The report estimates that each frustrated commuter wastes about 45
  • Tackling Florida highway congestion
    October 4, 2016
    Congestion is a major problem in certain areas of US state Florida. Large number of commuters and tourists means that central Florida’s Interstate 4 (I-4) highway suffers particularly from congestion. Its proximity to Disneyland means that the traffic often comes to a complete standstill.
  • European Construction Industry Federation, FIEC, concerned about market
    June 16, 2014
    According to the European Construction Industry Federation, FIEC, there is light at the end of the tunnel in terms of market activity. The FIEC estimates a decline of 2.3% in overall EU construction activity in 2013 but forecasts stabilisation of in 2014 with market gains of 0.1% expected overall. “There can be no growth without investment!” warned FIEC vice president Jacques Huillard, responsible for economic issues. He presented FIEC’s annual statistics prior to the FIEC’s Congress. “The policy of austeri