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

  • CONEXPO Russia is rouble rouser
    July 19, 2012
    Huge investment in new and existing Russian transport infrastructure has created a wealth of commercial opportunities for major construction equipment manufacturers as Guy Woodford discovered at the recent CTT 2012/CONEXPO Russia exhibition A 20% rise in visitor numbers and a 15% increase in exhibitors at this year’s CTT 2012/CONEXPO Russia, compared to 2011 show levels, illustrated the attraction of big infrastructure project spending in Russia to the world’s largest construction equipment companies.
    Read More
  • Germany is developing infrastructure plans
    March 21, 2016
    The German Government's new transport investment strategy will see increased spending until 2030. The Ministry for Transport says that the emphasis will be on renovating existing infrastructure, instead of building new projects. Around 70% of investment will be for renovation and improvement projects, compared to 56% in the previous transport strategy. The plan is worth a total of €264.5 billion, an increase of €91 billion over the previous plan, with 49.4% targeted at road projects, 41.3% for rail and 9.3%
    Read More
  • Key link upgrade for Washington State
    February 23, 2012
    The US state of Washington's Department of Transportation (WSDOT) has awarded a major contract to rebuild and upgrade State Route 520 in King County.
    Read More
  • Giving four hours back to the day… and much more
    October 7, 2019
    A 20km long elevated expressway in Dhaka will be one of Bangladesh’s first Public Private Partnership transport projects – words and pictures by Ruby Kitching, on behalf of Mott MacDonald.
    Read More

Highlighted Content