Skip to main content

Colombia’s transport spending for infrastructure development

Colombia continues to develop its transport infrastructure, having set long terms plans to develop roads, bridges and tunnels, as well as rail links and airports. The country’s Ministry of Finance is budgeting over US$28.53 billion for transport development works for the 2019-2042 period. One of the key priorities is for the 4G road programme. The PPP model is being used for around 60% of the key transport development projects.
July 5, 2019 Read time: 1 min
Colombia continues to develop its transport infrastructure, having set long terms plans to develop roads, bridges and tunnels, as well as rail links and airports. The country’s Ministry of Finance is budgeting over US$28.53 billion for transport development works for the 2019-2042 period. One of the key priorities is for the 4G road programme. The PPP model is being used for around 60% of the key transport development projects.

Related Content

  • Further development for Morocco infrastructure
    August 26, 2016
    Further infrastructure development is planned for Morocco. The authorities in the town of Salé are planning an urban development programme, with new and wider roads seen as a key portion of the work. Salé lies immediately to the north of Morocco’s capital Rabat and is home to many commuters working in the capital. Improving the transport links in the area will help develop the local economy and the Ministry of the Interior and the Ministry of Finances have set a budget of over US$516 million for the work. T
  • Vietnam’s transport boost to follow the pandemic
    January 17, 2022
    Vietnam has plans for a boost to transport to follow the pandemic.
  • Russia’s record road budget
    December 17, 2018
    Russia plans to spend a record amount on developing its road and transport network for the 2019-2021 period. The country’s Ministry of Economic Development is setting a state financing budget of over US$84 billion. This is the largest sum that Russia has directed towards road spending over the last 10 years. One of the key projects will be the upgrading of the Kerch-Sevastopol highway, which is expected to cost $1.6 billion. New transport hubs for Murmansk and Novorossiysk as well as airports will also be
  • Colombia: Toyo Tunnel award to be made in September
    July 15, 2015
    The contract award for Columbia’s 9.75km Toyo Tunnel project will be made on September 28, according to Columbian media. The tunnel, costing almost US$760, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas. World Highways reported in January that the central government will contribute $216 million towards the project, the regional government of Antioquia department will contribute $337 million and the Medellin city government will pitch in with $212 million. Columbia’s N