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Govt to implement new concessions promotion agency in H2 (Colombia)
2011-03-11

Colombian authorities have established a strategy to be implemented once the country's new concessions promotion agency is launched in the second half of this year, a spokesperson from national concessions institute Inco told BNamericas.

The new entity will replace Inco, which has been subject to accusations of inefficiency and corruption over the past few years.

The new strategy, which will be carried out from 2011-2013, involves establishing clear priorities and a framework to strengthen the new entity's organizational structure, reducing the risk of corruption.

Changes in the country's private investment framework will involve improvements to the process of analyzing private initiatives and improving control policies for bidding rules and tenders.

The new agency's planning division will design integrated development plans allowing highway, airport, port and railway projects to complement each other, said the spokesperson, adding that this will improve the country's multi-modal transport and logistics competitiveness.

Until now, separate divisions operating within Inco were responsible for designing and tendering projects depending on their type, without necessarily working with one another.

The government will enlist the support of international advisors and the private sector to implement the strategy, according to the spokesperson.


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