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

  • Colombia’s new transport infrastructure to boost national construction industry
    July 30, 2013
    Huge investment in Colombia’s transport infrastructure is expected to lead to substantial market growth in the country’s construction industry, according to new research by Timetric. In its research report; ‘Construction in Colombia – Key Trends and Opportunities to 2017’, Timetric, who provide online data, analysis and advisory services to key financial and industry sectors, states, “Colombia’s Ministry of Transportation plans to invest COP102.3 trillion (US$56 billion) in transport infrastructure developm
  • ANI transfers operation of Guillermo Gaviria Correa to Mar 1 Devimar
    July 6, 2016
    The Colombian department of Antioquia has transferred operation of the Guillermo Gaviria Correa road connection to the National Infrastructure Agency (ANI). ANI will, in turn, cede the concession to the Mar 1 Devimar consortium. The road, named after the assassinated governor of Antioquia, runs between the municipalities of Medellin and San Jerónimo and connects Medellin to the Uraba Gulf, part of the Caribbean Sea. Gaviria, a Nobel Peace Prize nominee, was kidnapped by guerrillas and held captive for
  • New road works are planned for Colombia
    July 29, 2021
    New primary, regional and tertiary road works are planned for Colombia.
  • Colombia’s longest bridge – on track for completion
    March 23, 2018
    Colombia’s longest bridge is on track for completion shortly. The 4.7km-long bridge provides a connection over the Cienaga de la Virgen wetland area. The new bridge forms part of the dual carriageway road link between Cartagena and Barranquilla. When complete, it will also be the third longest bridge in Latin America. The project has been complex due to the environmentally sensitive nature of the area where it is being built. To minimise impact the builders have used pre-fabricated components and assembled