Ever since entering office for its first term in 2010, the government of President Juan Manuel Santos has put the construction of new homes for Colombians as one of the top priorities. Despite being behind its target of building 1m homes over the 2010-14 period, the government has been able to establish a consistent level of housing development. Much of the impetus has...
Buoyed by a strengthening of the government’s housing programme, as well as a continued emphasis on improving transport infrastructure across the country, Colombia’s construction sector is well positioned for growth over the coming years. Construction of highways and other infrastructure is accelerating, as successive tenders for the Fourth Generation (4G) road projects...
Despite the growing importance of medium-sized cities for property development, Colombia’s real estate sector has been highly affected by expansion in Bogotá. The capital city has seen a wave of economic growth turn into real estate investment, whether for high-end housing options or as an investment opportunity. Despite the fast-growing market, the city’s real estate...
Among the many efforts to boost the variety of transport options are government plans to revive cargo freight along several rivers. This has emerged out of a need to cut transport costs, which can be excessive in a country where harsh terrain and poor road infrastructure makes linking ports with production centres cumbersome. The potential is certainly there: the four...
The soon-to-be-completed enlargement of the Panama Canal is driving a wave of new policy on sea transport in the region. Several countries are expanding their port infrastructure and, in some cases, even developing options to compete directly with the canal itself. Colombia, with its coast opening up to both the Pacific and the Atlantic Oceans and an increasing number of...
With investments in road infrastructure taking off, Colombia is recognising the need to improve other elements of the logistics mix to reap full benefits of these works. As economic growth and new trade agreements turn up the pressure to move larger amounts of goods, the country is looking to improve the logistics chain at each link. The main challenges will be...
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