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.
Finance & Funding

Related Content

  • Moscow spending on road repairs
    March 25, 2019
    A programme of road repairs is due to commence in Russia’s capital, Moscow. A budget of US$ 615.5 million has been set for the works, which will be implemented throughout 2019. The majority of the funding is from the Moscow region. The plan calls for 2,400km of roads to be repaired, with an additional 20km of new links to be built. The plan has been set out by the Ministry of Transport and Road Infrastructure for the Moscow Region.
    Read More
  • UK is pothole failure among OECD nations
    August 30, 2023
    The Local Government Association says information shows that nearly US$5.1 billion was spent in 2006 on UK local road maintenance compared with $2.54 billion in 2019.
    Read More
  • Construction continues for Colombia’s Toyo Tunnel
    May 9, 2018
    Construction work is continuing on Colombia’s Toyo Tunnel project. This is in spite of the controversy regarding one of the firms involved, which has been drawn into the corruption scandal surrounding the Brazilian contractor Odebrecht. The tunnel project is being carried out by a consortium, Consorcio Antioqua al Mar. However the other members of the consortium are in a position to carry on with the project and have all the necessary approvals needed, as well as the necessary equipment. The project is cost
    Read More
  • South Korea roads extension programme planned
    February 13, 2017
    South Korea has announced a programme of works that will see the country’s national road network being extended by over 900km. The budget of US$6.41 billion for the work has been set by the South Korean Government. The Ministry of Land, Infrastructure and Transport has drawn up the plans for the work which will include upgrades and extensions to 73 stretches of road in all. During the first six months of 2017 around 60% of the budget should be used for the necessary road construction activity. One of the ma
    Read More

Highlighted Content