Immeasurable is the word Jorge Enrique Gómez used to describe the future of Colombia’s Atlantic coast. The president of regional real estate association Lonja de Bogotá, Gómez told OBG that the strip connecting Cartagena to Santa Marta holds large development potential and will no doubt receive an influx of national and foreign investment in the...
As part of the overhaul in the country’s approach to infrastructure development, the National Infrastructure Agency (Agencia Nacional de Infraestructura, ANI) was created in November 2011. ANI was established to replace the National Concessions Institute, which had fallen into disrepute following several corruption-linked accusations. The new agency...
Closely tracking patterns in the general economy, the construction sector expanded by 3.6% in 2012, significantly lower than the 10% gain in 2011. Even so, prospects for 2013 suggest the sector will regain momentum, driven by aggressive government spending programmes aimed at closing wide gaps in infrastructure and housing. Contributing 6.3% to GDP...
A common complaint among Colombian transporters is that bringing goods from Bogotá or Medellín to the port of Buenaventura is more expensive than shipping it to or from Tokyo. High transportation costs have become so institutionalised that they are often likened to a 10% to 15% tax. While Colombia’s geographical layout has always been challenging to...
Low-income housing has long been stigmatised by false conceptions of small profit margins and unattractive architecture. However, Colombia’s large unsatisfied demand for homes has encouraged the public and private sectors to shift attention towards this segment with innovative project proposals that aim to bypass common setbacks within the sector...
With only 1000 km of two-lane highways, what are your plans to extend the road network?
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