Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
CAF to disburse US$6bn for development projects up to 2014 (Colombia)
Latin American development bank CAF will allocate US$6bn to Colombia by end-2014 for public and private sector projects in areas such as infrastructure, transport and the environment, the bank said in a release.


The plans fall under Colombia's national development plan, according to CAF executive president Enrique Garcia.


The bank has supported numerous development projects in the country including the La Linea tunnel project in Tolima and Quindio departments, Bogota's Transmilenio mass transport system and the double-lane Buga-Buenaventura highway in Valle del Cauca department.


The energy, social, financial, banking and microfinance sectors will also benefit from this initiative. Prior to this program, 57% of CAF financing has gone to the public sector, according to the release.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...