Bogota's contribution to Colombia's gross domestic product (GDP) is 26.1% and represents 18.9% of the country’s total workforce.
In 2016, the city’s GDP grew by 4.2%, achieved a GDP per capita of USD $5,898 and reduced unemployment by 22%. It also achieved an average investment rate of 27.3% for the same year.
Bogota represents 18% of Colombia's Construction sector.
Colombia approved more than 25 million m2 of construction projects in 2016 for different purposes of which 31.7% are in the Bogota region. It is notable that a significant area is dedicated to housing.
Its strategic location and daily flight connections make Bogota an ideal place to serve regional markets. Bogota has become a hub for international infrastructure companies. The city has the largest portfolio of mega-infrastructure projects making it an attractive destination for any foreign company in the sector.
What do investors think?
"Arup is a world leader in engineering with offices in 40 countries and presence in more than 100 of the largest cities in the world. With Bogota's immense potential for infrastructure and building projects, the city is one of our strategic centers for business in Latin America. Invest in Bogotá has helped us to recognize many of the strengths that the capital offers, with its cultural variety and diversity, constantly supporting us with the identification and coordination of meetings with contacts relevant to the different markets in which Arup participates in Colombia "
General Manager | Arup Colombia
District Development Plan
Under the District Development Plan "Bogotá Best for All" approved by the Council as part of Agreement 645 of 2016, the following priorities were identified:
• Modernization of the physical and technological infrastructure in healthcare.
• Construction of new schools.
• "Better mobility for all".
• Unified surveillance and communications system and citizen service (Command and Control Center).
These are structured under the execution of integrated urban projects, economic development through the strengthening of projects aimed at positioning Bogota as a digital city and an axis of sustainability based on energy efficiency.
Of several financing methods for the implementation of the District Development Plan, the Administration is betting on the implementation of projects under the scheme of Public-Private Partnerships. It expects to collect 14.5% of the total resources needed to execute the ambitious City Development Plan.
DIRECTIVE 006 OF 2016 - Instructions for evaluation and approval of projects under the Public Private Partnership - PPP - of private initiative. (http://www.alcaldiabogota.gov.co/sisjur/normas/Norma1.jsp?i=65817)
Various planned-projects include architectural renewal, technological upgrading, operation and maintenance of infrastructure, social and economic engineering.
For mobility projects, the Mayor's Office plans to invest 37% Development Plan's total budget. The most relevant projects in this area are the following:
West Light Rail - comprising 43.9 km of track (including Airport branch) and 17 stations. Public-Private Partnership Project of Private Initiative. Approximate investment: COP $1.6 trillion.
First Line of Bogota Metro - soon to be the most important infrastructure project in the country.
- Construction started in 2018. The Metro is the Portal de las Americas to the street 127 North Freeway.
- Section 1: runs from the Portal de las Americas to Caracas Av., along Primero de Mayo Av.
- Section 2: will go to 72nd Street along Caracas Av., to complete an extension of 25.29 km with a total of 15 stations (it should be noted that the first line of the Metro de Medellin is 25.8 km), 10 of which will be connected to Transmilenio.
- The First Line of the Metro will have 23 trains in 2022.
- Section 3: runs from 72nd Street to the 127th street.
- 75% for the construction of the metro and 25% for the Transmilenio system.
- The technical and structuring tender is currently being carried out by SYSTRA-INGETEC and SENER-Integral.
- On November 09 of 2017, the CONPES document was signed: support from the national government to Bogota's public transport system and a declaration of strategic importance for the first metro-stretch line 1 project.
Source: Alcaldía de Bogotá- Metro en Bogotá.
- Bogota's Digital Health Unique Platform: It seeks to strengthen the operation of an information system interconnected between all hospitals within District (unified call center, unique medical history, teleconsultation and telediagnosis).
- Modernization and remodeling of public lighting: Modernization of 100,000 light fixtures throughout the city including 20 km of exclusive underground aerial wiring.
- Construction and operation of the Command and Control Center: The Command and Control Centers are the first steps to constitute a city within the group of smart cities since it allows the interconnection of platforms and the interaction of people with cities.
- Smart traffic lights: The new system of intelligent traffic lights will be developed under the open standards that exist in the technology of traffic lights: NTCIP, UTMC, OCIT, AENOR.
More information here
- Parking meters: The concession for the provision of the services related to (i) the transfer of vehicles to the place that the district mobility secretariat establishes and (ii) provision of spaces to provide the parking and exercise custody of those vehicles determined by the transit agency of the capital district.
Urban Renewal Projects
CIUDAD CAN has a total construction area of 2,750,000 m2 for 112 multi-purpose buildings. It will kick-off with the construction of the Transition Building, which will accommodate 6,000 Government officials and have an area of 100,000 m2.
TRIANGULO DE FENICIA
Located in the neighborhood of Las Aguas, part of the Historic Center and San Francisco banks of the river it crosses the hills of Monserrate and Guadalupe.
Urban proposal numbers:
- 900 homes in total.
- 108 in VIP Housing.
- 400 Housing Replacements.
- 25,000m² Trade (metropolitan, zonal, neighborhood).
- 40,000 m² Office and/or Hotel.
- 25,500 m² Services.
5 hospital facilities (3 retrofitting and 2 new):
- Bosa Hospital (250 beds) - estimated CAPEX USD $74,728,236
- Usme Hospital (250 beds) - estimated CAPEX USD $74,728,236
- New Simón Bolívar Hospital (450 beds) - estimated CAPEX USD $134,510,825
- New Santa Clara Hospital – CHSJD (400 beds) - estimated CAPEX USD $92,486,128
- New Institute Materno Infantil – CHSJD (347 beds) - estimated CAPEX USD $69,311,192
40 Priority Health Care Centers (CAPS), that will serve to strengthen and coordinate Bogota's currently inadequate operational emergency care.
Clinica Santa Clara y Materno infantil
“El Buen Pastor” Jail
A facility transfer to a new, 20-story real estate development will increase the women’s prison capacity from 1,752 to 2,000.
New La Sabana Airport
El Dorado is currently the first airport in terms of cargo movement capacity in Latin America, moving approximately 700 thousand tons in 2015. Due to its rapid growth, the need for a new terminal was evaluated.
It will cover an area of 1,300 hectares and will be built in the next 4 years, near Facatativa. It would begin operations in 2021.
Construction of three airfields in several phases, as traveler demand grows. Studies reviewed the number of travelers in the coming years and estimate that in 2041 will reach 69.2 million. Of these, 89 percent will be transited through El Dorado I and the rest by El Dorado II
The project has an estimated cost of US $1.2 billion and the contract will last 15 years.
The contract for the feasibility and structuring of the new El Dorado 2 concession was awarded. The consultancy (Union Temporal Dorado 2) is led by Mott MacDonald, together with AERTEC Solutions and C&M Consultants.
Revista Semana. Javier de la Torre
Updated (mm/dd/yyyy): 12.20.2017