COLOMBIA TO INVEST $11 BILLION IN INFRASTRUCTURE
Written by thomas · Filed Under CommercialAugust 10, 2009
Colombia’s Minister of Transportation, Andres Uriel Gallego announced that the country will invest $11 billion in eleven specific infrastructure projects. The government will invest $5.5 billion with the balance coming from the private sector. He also stated: “We are in the process of consolidating our search for resources to develop the projects”. A good part of the infrastructure will be the establishment of a fund which will manage the profits of ISA (Interconnection Electrical S.A.) and Ecopetrol which are being proposed by president Alvaro Uribe which will be handled by Bancoldex. One of the principal projects will be the development of the highway between the border of Panama to the border of Venezuela.
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