Colombia's national government will present its proposed 2011 budget to congress later this month, including an allocation of 4.7tn pesos (US$2.6bn) for transport, an official from the transport ministry's (Mintransporte) planning division told BNamericas.
Legislators will discuss the budget proposal to decide whether to approve the full amount. While the final transport budget is yet to be determined, authorities expect it to be no less than 4.5tn pesos, according to the official.
The funds will cover the improvement, expansion and maintenance of main and secondary road networks, as well as fluvial and maritime port projects and improvements to cargo and passenger airport infrastructure.
A portion of the budget will also be used for rail infrastructure, including studies to improve multimodal transport infrastructure through both public and private investment, the official added.