The capital is ready to structure and begin projects in sectors such as health, culture, sports and transportation and mobility.
Bogota’s transformation into a smart city is well underway through improvements in its urban, road and hospital infrastructure. According to Invest in Bogota, foreign investment is crucial for these plans:
“The construction of the subway will be the most important development in Latin America in the next two years. However, there are other key projects for Bogota, which include the Ciudad Bolívar cable railway or the renovations of El Campín,” said Juan Gabriel Pérez, Executive Director of Invest in Bogota.
These initiatives also include the renovations of the National Administrative Center (CAN), which are slated to begin in the first half of 2018 and to finish in the second half of 2020 for an initial investment of COP$450 billion, and the renovations of El Campín coliseum, which are expected to be completed in the second half of 2018 after receiving investments for over COP$70 billion.
As for the healthcare sector reform prepared by City Hall, it is scheduled to begin in June 2018 with the launch of the first call for bids for the expansions of the Santa Clara, Simón Bolívar and Materno Infantil hospitals and the construction of hospitals in the neighborhoods of Bosa, Usme and La Felicidad for a total investment of COP$1.7 trillion.
In total, 75% of the funds allocated to the public transport plan for Bogota will used for the subway and 25% for the construction of trunk lines and local bus routes.
In addition to the subway project, which is scheduled to start with its major works in 2019, the city is also expecting the Regiotram light rail system, which will connect the Sabana de Bogota area with the western side of the city and pave the way to El Dorado 2 airport, to be built in a location between Madrid and Facatativá. The Regiotram light rail system will be comprised of a 44-kilometer long double-track railway, and it is expected to mobilize 71.5 million passengers in the first year of operation.
The managing company for the construction will be appointed by means of a public-private partnership (PPP) financed with future budget allocations by the Ministry of Finance and the Ministry of Transportation.
Its construction will also begin in 2019, with an expected completion date of 2021 unlike the first subway line, which will begin operations in 2024.
In terms of transportation infrastructure we also have TransmiCable, which has been in construction for more than a year and a half and is expected to be completed in June next year. TransmiCable is a cable railway spanning 3.4 kilometers, four stations and 160 cabins, and will benefit 669,000 people from the Ciudad Bolívar neighborhood.
The project managers are Doppelmayr (Austrian construction company), Constructora Colpatria and Icein Constructores, which will invest a total of COP$209.95 billion.
The extension of the highways to access Bogota through the northern end of the city, built through a concession awarded by the National Infrastructure Agency (ANI) should also be highlighted and is in fact already in operation with the new private concessionaire, Accenorte.
This project consists in expanding Autopista Norte and Carrera Séptima from Calle 245 (at the location of the Andes tollbooth) to La Caro with a total investment of COP$1.2 trillion.
City Hall is also working in other initiatives related to the construction of several TransMilenio trunks lines, including Avenida 68, Avenida Boyacá, Carrera 7, and the Longitudinal de Occidente Highway (ALO), which has made the most progress.
The ANI, the Ministry of Transportation and City Hall will present the details of the structuring of the ALO tomorrow, which had been blocked for many years by several properties that were illegally occupied by communities.
The bidding process of this initiative will begin in 2018 with an award expected that same year or at the beginning of 2019. Major works will take place in 2019, 2020 and 2021.