Five Major Development Projects Reshaping Colombia
In February 2017, President Manuel Santos and the Revolutionary Army Forces of Colombia (FARC-EP) successfully completed a definitive cease-fire agreement which ended violence in specific zones of the South American country. This event raised many Colombian citizen’s enthusiasm. But, not all problems in the nation have been solved, as Colombia’s economy depends on oil, exportation and tourism, which have been negatively affected in recent years.
However, the Colombian government and other investors are attempting to reverse this situation, developing new projects in order to help the country’s economy to grow. New highways, ports, as well as advanced infrastructure and stylish developments in several Colombian cities will attempt to improve economy over the next 10 years. Here are the five development projects in Colombia that are changing the nation’s face.
- Alfonso Bonilla and El Dorado airports
The Colombian government has invested $230 million in modernization for the Alfonso Bonilla airport. The remodeled facility will have a new international terminal and six new boarding bridges. In addition, the old terminal was redesigned and new public spaces were added. In total, the airport located in Cali, one of the most important cities in Colombia, will be around 55,000 square meters. In Bogota, a $200 million investment has improved El Dorado airport’s landing zones and infrastructure. Now, it has better logistics that allows aircraft traffic to move faster.
- Cartagena port
In July 2017, the Colombian government approved an investment of $93 million for the Cartagena port. With this contribution, it is expected that the port will triple its cargo capacity thanks to the new infrastructure, better operation and giant cranes that can receive bigger vessels. President Santos defined the Cartagena port as the most important in the Colombian Caribbean, as in 2016, it moved around 201 million tons of cargo containers.
- Agora Convention Center
The new convention center, located in the capital city of Bogota, is the third biggest center in South America in terms of capacity and the most modern on the continent. In October 2017, the building held its first massive meeting for the United Nations First Young World; this left an economic impact of 14 million pesos for Colombia. Conventions and meetings generate 27 percent of Colombian tourism economy. The Agora project cost 414 million pesos and created 15,000 jobs in its construction.
- Bogota’s Elevated Railway
Among all transportation development projects in Colombia, this particular one is essential. The new elevated railway is a local public transportation project that has been in planning for almost 15 years in Bogota. The first construction attempt was in 2000, but multiple government branches failed to reach an agreement. However, this year, President Santos’ administration and Bogota’s authorities revealed the construction will begin in 2018 and that the trains will be electric. It is expected that 35,000 Colombians will use the railway every hour. Authorities commented that the elevated railway construction will finish in 2024 and will be the first development of this kind in the country’s capital.
- 4G Project
The 4G project is the most ambitious road infrastructure project in Colombia. The four generation plan will connect the entire country, making mobility easier and faster for citizens. More than 7,000 kilometers of roadway will be constructed and rehabilitated over the next several years with an investment of $50 billion. In addition, this project will work on bridges and tunnels that link the cities and towns over the mountains of the country. Projects such as Conexion Pacifico 3 and Girardort-Honda-Puerto Salgas have already begun.
These development projects in Colombia will positively affect the country’s future, improving the lives of Colombians as well as the Colombian economy. Although some projects are still in development, within the next 10 years, the Colombia will certainly be one of the most developed nations in South America.
– Dario Ledesma