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

Related Content

  • India’s coming road development programme
    January 5, 2018
    India is setting out plans for major road development works in the 2018-2019 period. Highway building projects worth a total of US$9.25 billion are being planned. The work is being planned by India’s National Highways Authority (NHAI). Some 10,000km of national highways will be built in the time period. In all contracts for 25,000km of roads will be offered for tender.
    Read More
  • Ethiopia’s building roads
    November 29, 2013
    Ethiopia is set to benefit economically from investment in a number of new key road links totalling over US$1 billion. The east African nation’s 218km Modjo-Hassan highway is expected to cost US$720 million to construct. The highway will be constructed in two stages. The first section of the route will stretch 93km from Modjo to Zeway and is expected to cost $350 million to complete. The second section of the highway will be 125km long and link Zeway with Hewassa and this stretch is estimated to cost $370
    Read More
  • Infrastructure plan for China’s Gansu Province
    March 3, 2015
    Major plans for infrastructure investment have been set out by the authorities in China’s Gansu Province. In all some US$79.9 billion is planned to be spent over the next six years. One of the key aims of this infrastructure programme is to improve China’s transport links with Central Asia. In all the programme of works calls for the construction of 60,000km of roads, including 4,070km of expressways. There are also plans to improve 12 commercial airports in Gansu Province. The sources of funding required f
    Read More
  • Texas route benefits from loan
    March 1, 2012
    Drivers in Texas using the SH161 route are set to benefit from a US$418 million loan being provided by the US Department of Transportation to complete work on the link.
    Read More

Highlighted Content