Colombian road developments benefit from budget

A new budget for road development works has been set for Colombia’s Arauca, Boyaca, Casanare, Cundinamarca, and Santander departments. Improving road links has been set as a priority by the Colombian Government. For the 10 year period from 2019 to 2029, some US1.2 billion is being budgeted for developing road infrastructure as well as tourism facilities in the respective departments. Of this budgets, around 2/3rds will be provided by the Colombian Government. Local authorities will be expected to provide th
July 2, 2019 Read time: 1 min

A new budget for road development works has been set for Colombia’s Arauca, Boyaca, Casanare, Cundinamarca, and Santander departments. Improving road links has been set as a priority by the Colombian Government. For the 10 year period from 2019 to 2029, some US1.2 billion is being budgeted for developing road infrastructure as well as tourism facilities in the respective departments. Of this budgets, around 2/3rds will be provided by the Colombian Government. Local authorities will be expected to provide the remaining 1/3rd.

Finance & Funding

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