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

  • Bin Puri looks for Damansara-Shah Alam Elevated Expressway work
    January 14, 2016
    Malaysian construction group Bina Puri has submitted bids for contracts worth US$768.73 million for work on eight infrastructure projects, including the Sungai Besi-Ulu Klang Elevated Expressway and the Damansara-Shah Alam Elevated Expressway. The 31.8km Sungai Besi-Ulu Klang Elevated Expressway will reduce traffic along the Kuala Lumpur Middle Ring Road 2 from Ampang to Bandar Tasik Selatan. There will be three toll plazas in Alam Damai, Taman Bukit Teratai and Ampang Indah. The Damansara–Shah Alam E
  • Infrastructure funding for US projects will be used
    September 3, 2012
    The US Government is looking to ensure that unused funding for infrastructure projects will be used efficiently. Those projects that have stalled due to other issues may see existing funding reassigned to other infrastructure projects that are further ahead. The US Transportation Secretary Ray LaHood is making over US$470 million earmarked for projects
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
  • George Massey Tunnel Replacement gets environmental approval
    February 13, 2017
    The Canadian province of British Columbia has given environmental approval for a 10-lane US$2.8 billion bridge to replace the ageing George Massey Tunnel near Vancouver. However, approval for the 3km cable stay bridge over the Fraser River comes with 33 conditions, according to Canadian media. Construction of the toll bridge will also mean replacing the interchanges of Westminster Highway, Steveston Highway and Highway 17A.