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

  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More
  • Volvo CE’s arduous Andes assignment
    August 20, 2013
    Volvo Construction Equipment is working in some of the world’s most treacherous terrain to construct a high-speed road link across the Andes Mountains. A fleet of 60 Volvo Construction Equipment (Volvo CE) road-building machines is being used to construct a 140km highway across the Andes Mountains, from Bucaramanga, Colombia’s eighth largest city, to Cucuta on the border – providing the country with a much-needed high-speed link with Venezuela. Tasked with this huge undertaking is innovative Colombian hi
    Read More
  • India's US$100 billion highway investment
    May 29, 2012
    India intends to continue its massive investment in highway spending. Predictions for the next five years say that up to US$100 billion will be spent on road building in the country in the coming five years. The Ministry for Road Transport and Highways plans to build 35,000km of highways, with 60% being provided by the Government budget and 40% from the private sector. The Ministry of Road, Transport and Highways will open up tendering for nine highway projects. The National Highway Authority of India (NHAI
    Read More
  • Boost to infrastructure, autonomous cars in UK budget
    March 17, 2016
    The UK chancellor announced in his spring budget what he called the biggest investment, US$87.5 billion (£61 billion), in transport infrastructure in generations and is increasing capital investment in the transport network by 50 per cent over this Parliament compared to the last. The government plans to establish the UK as a global centre for excellence in connected and autonomous vehicles by establishing a US$24.1 million (£15 million) ‘connected corridor’ from London to Dover to enable vehicles to com
    Read More

Highlighted Content