Bogota mayor Enrique Penalosa hopeful of cash for transport works

The mayor of the Colombian capital Bogota, Enrique Penalosa, said he is confident of securing nearly US$4 billion for eight infrastructure projects, including roads. Money will come from selling a 20% stake in the energy firm Empresa de Energia de Bogota and privatisation of the local communications firm Empresa de Telecomunicaciones de Bogota. Major infrastructure projects include construction of an underground metro system, several feeder roads, the new Carrera 7 route for the Transmilenio bus rapid

Finance & Funding / November 14, 2016

The mayor of the Colombian capital Bogota, Enrique Penalosa, said he is confident of securing nearly US$4 billion for eight infrastructure projects, including roads.

Money will come from selling a 20% stake in the energy firm 5808 Empresa de Energia de Bogota and privatisation of the local communications firm Empresa de Telecomunicaciones de Bogota.

Major infrastructure projects include construction of an underground metro system, several feeder roads, the new Carrera 7 route for the Transmilenio bus rapid transit system and expansion of Avenida Longitudinal de Occidente.

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Empresa de Energia de Bogota