Colombia plans US$3.5bn mass transit spree

Wednesday, December 3, 2014

Colombia will invest 7.9tn pesos (US$3.45bn) in mass transit, local daily La República reported.

In 2015, Bogotá's Transmilenio system is due to receive the largest chunk of investment, 385bn pesos, followed by the new transportation system in Neiva (171bn pesos) and Mio de Cali (164bn pesos.)

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Another 143bn pesos is earmarked for the Santa Marta transportation system.

Investment targets in Cartagena, Pereira and Soacha have yet to be decided.

The government has invested over 7.3tn pesos in national transportation systems since 2000.