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Infrastructure projects to total US$40bn in next decade (Colombia)

Colombia will see infrastructure projects totaling at least US$40bn over the next decade, transport minister German Cardona said at the Reuters Latin American Investment Summit in Bogotá.

Private investors will account for around 30% of the total, and financing could come from China, France and Spain, Reuters reported Cardona as saying.

Projects will include waterways, highways, railways and airports, with key initiatives including the Carare railway to transport coal to ports on the Atlantic.

The public-private partnership (PPP) project will cost an estimated US$1.83bn, BNamericas reported previously.

Chinese companies have expressed interest in the Carare railway, while French firms are eyeing other rail projects and Spain could be an investor in tunnel projects, the report said.

The government plans to issue tenders worth over 1tn pesos (US$534mn) in a month's time, the majority of which involve highway projects, according to the transport minister.

Authorities will focus on promoting large port projects rather than smaller harbors, Cardona said, adding that he expects the country's port capacity to grow by 30% annually.

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