Implementing mass transport systems in medium-sized Colombian cities will require an estimated investment of 1.5tn pesos (US$816mn) starting this year, an official from the national planning department (DNP) told BNamericas.
The investment will be covered by the public and private sectors, with municipal authorities funding the improvement and construction of roads that will improve mass transport flow. Private investment will be focused on operating the transport systems, said the official.
The municipal governments of 12 cities with between 300,000 and 600,000 inhabitants are working on implementing mass transport plans with the support of the central government.
Investment plans have already been approved for the cities of Santa Marta, Pasto, Armenia, Valledupar, Monteria, Sincelejo and Popayan.
The municipal governments of cities Manizales, Ibague, Buenaventura, Neiva and Villavicencio are still in the process of drawing up their mass transport plans.
The projects will be implemented as public-private partnerships. Integral rate collection systems, fleet management and the bus storage and parking areas are some of the components that will be concessioned, according to the official.
Integrated transport systems have already begun to be implemented successfully in the cities of Barranquilla, Bogota, Bucaramanga, Cartagena, Cali, Medellin, and Pereira. The new systems will look to emulate these models, the official said.