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CAF to back Barranquilla infrastructure, mass transport projects (Colombia)

Latin American development bank CAF has agreed to finance and provide technical support for infrastructure and mass transport projects in the coastal city of Barranquilla, in Colombia's Atlántico department, among other initiatives.

The funds will go towards public-private partnership (PPP) initiatives to improve road and port infrastructure, mass transport, regional connectivity, local and regional competitiveness and public policy in the district, CAF reported in a release.

"Barranquilla and its urban area have become an important and strategic point in both Colombia's and the Caribbean's development, which deserves integral support [on behalf of the bank] to progress various projects that will improve competitiveness and development," said Colombia's CAF director Víctor Traverso.

Barranquilla is the largest industrial city and port in Colombia's Caribbean region.

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