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Invias needs funding of US$1.65bn in 2011, says director (Colombia)
2010-08-30
Colombia's national roads authority Invias will need to invest some 3tn pesos (US$1.65bn) in 2011, according to its director Carlos Rosado Zuñiga.

 

It will be difficult to obtain the funding, Rosado told paper Portafolio, adding that so far only 1.4tn pesos have been allocated to the entity in the 2011 budget.

 

Invias is ready to make its case for additional funding, which is needed to complete projects promised by former president Alvaro Uribe who left office earlier this month, Rosado said. The first budget debate is scheduled for the coming days.

 

It is impossible to leave highway projects half done simply because there is not enough money, said Rosado. Public private partnerships will be needed to help finance and develop highway projects, he added.

 

Financing is needed not just for new projects, but for general highway maintenance and improving access to the country's ports.


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