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Economy

Colombia approves road reconstruction funds

by Wesley Tomaselli February 11, 2013
2.2K

colombia news/weather

The Colombian government will spend more than $83 million on road reconstruction to fix routes that were damaged during the winter. Read More

Carlos Ivan Marquez, Colombia’s director of the National Risk Management Agency told local media that the government plans to invest $83.8 million in heavy machinery for repairing damaged roads.

“We are making efforts so that the funds are ready in the first half of this year, the idea is to prioritize the departments in which the damage to roads has been the greatest,” said Marquez.

Regions across the center of the country, including the Cundinamarca, Antioquia, Santander, and the Valle de Cauca departments reportedly are the highest priorities.

According to the World Bank, bad roads, particularly ones that link the country’s major cities to the coasts, bottleneck Colombia’s economic competitiveness.

BACKGROUND: Colombia’s infrastructure hinders development

The construction of a major motorway called ‘Ruta del Sol’ (Route of the Sun), which is set to connect port cities in the Caribbean with the Pacific coast via Colombia’s capital city, is currently underway.

BACKGROUND: Colombia govt will allocate 22B for national highway: Santos

Carlos Ivan Marquezforeign investmentinfrastructureroadstransportation

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Colombia News | Colombia Reports
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@2008-2019 - Colombia Reports. All Rights Reserved.
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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion