Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

ProColombia: Colombia Bets Heavily on Infrastructure

Last Friday, Colombia became the 37th OECD member and the third in Latin America

Corporate investors, funds and investment banks have plenty of opportunities to develop social infrastructure and transportation projects

Colombia has the biggest infrastructure program in Latin America. That’s why on May 22nd, ProColombia together with the British & Colombian Chamber of Commerce, the Colombian Embassy in London, the British Embassy in Bogota, the Foreign & Commonwealth Office and its Prosperity Fund, the Department for International Trade and EY, presented fifteen major infrastructure development projects, which are in the planning and structuring phase and seek European foreign investment.

These are important projects, such as line 1 of the Bogota subway or the start-up of the tram that connects the capital with the municipalities of Cundinamarca and a new airport that would become Dorado II, among other major Social Infrastructure PPP processes, such as schools and hospitals. “Colombia is transforming itself with the modernization of its infrastructure. At the FDN, as a development bank specialized in infrastructure financing and structuring, we have been in charge of catalyzing resources for the financing of the largest road program by APPs in LATAM, and structuring other projects such as the Bogotá subway, which has attracted the interest of international funders and important global construction companies,” says Carlos Alberto Sandoval, Vice President of Structuring of the FDN.

With regards to transportation, “The National Infrastructure Agency (ANI) is demonstrating that the toll road 4G program, under the PPP scheme, was successful and is being rolled out with great results. 21 road projects have started construction, 16 airports were modernized and more than $ 2.4bn were invested in Colombian Ports. The challenge is to continue this transformation through new transportation mode and the 17 projects that the ANI is structuring, between rail, roads, and airports,” says Camilo Jaramillo, Vice President of the ANI.

Key projects were also presented for secondary and tertiary cities, road, sanitary and wastewater facilities in cities such as Santa Marta, Valledupar, Manizales and Ibagué.

The institutions invited to present Colombia´s project pipeline during the roadshow are major national authorities for the structuring of PPP projects. Together with them, we are committed to strengthening the relation with international players for securing a long-lasting investment environment for Infrastructure in Colombia,” says Paola García, Vice President of ProColombia.