Bogota mayor Enrique Penalosa hopeful of cash for transport works

The mayor of the Colombian capital Bogota, Enrique Penalosa, said he is confident of securing nearly US$4 billion for eight infrastructure projects, including roads. Money will come from selling a 20% stake in the energy firm Empresa de Energia de Bogota and privatisation of the local communications firm Empresa de Telecomunicaciones de Bogota. Major infrastructure projects include construction of an underground metro system, several feeder roads, the new Carrera 7 route for the Transmilenio bus rapid
November 14, 2016 Read time: 1 min
The mayor of the Colombian capital Bogota, Enrique Penalosa, said he is confident of securing nearly US$4 billion for eight infrastructure projects, including roads.

Money will come from selling a 20% stake in the energy firm 5808 Empresa de Energia de Bogota and privatisation of the local communications firm Empresa de Telecomunicaciones de Bogota.

Major infrastructure projects include construction of an underground metro system, several feeder roads, the new Carrera 7 route for the Transmilenio bus rapid transit system and expansion of Avenida Longitudinal de Occidente.
Finance & Funding

For more information on companies in this article

Related Content

  • Colombia’s major new road
    February 1, 2023
    Colombia’s major new road project will be costly.
    Read More
  • Slovak government stands firm over R2 Expressway, including Soroska Tunnel
    August 11, 2017
    Jan Durisin, head of Slovakia’s motorway operator NDS, has said that the R2 expressway, will go ahead despite watchdog fears of poor value for money. Completion of the R2, that includes the Soroska Tunnel, remains 2024, he told Slovakian news agencies. NDS, he said, will start looking for a contractor to start work in 2018 on a stretch of the expressway near the town of Roznava. R2 is a 360km route that will run from Kosice in the east across the country to Trenčín, near the Czech border in the west. It wil
    Read More
  • Road transport key to Africa's trade links
    February 17, 2012
    Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
    Read More
  • China banks on the Belt and Road Initiative
    October 8, 2019
    Changsha, the capital of Hunan province, is capitalising on its well-established equipment and componentry manufacturing base as China’s global Belt and Road Initiative gathers momentum.
    Read More

Highlighted Content