Infrastructure and City Projects
Bogota continues to work to improve its infrastructure and security focused on key points to offer a better quality of life for its inhabitants. The sectors that must be strengthened and where the development of infrastructure can generate a biggest impact are mobility, urban renewal, social infrastructure, water and sanitation.
Therefore, in the last years, the city has doubled its investment to the development of large infrastructure projects and has focused on structuring contracts under the Public-Private Partnerships scheme that has allowed the creation of a robust pipeline of projects for Bogota.
Why you should settle in Bogota?
In 2019, Bogota has contributed with 29,5% of the GDP of the country. With a GDP per capita of USD $ 9,247, together with a media class of 51.6%, it is the main center of consumption in the country.
Bogota-Region GDP surpasses several countries GDPs such as Dominican Republic, Panama, Costa Rica, Uruguay, Bolivia, Paraguay, and El Salvador. Bogota-Region has been characterized by having a favorable macroeconomic environment with economic growth of 3% and inflation of 3.1%, being lower than Colombia and Latin America’s inflation.
The strategic location and its daily air connections make Bogota an ideal place to serve regional markets. Bogota has become the headquarters for more than 100 international infrastructure companies. It is the city of the country that has the largest portfolio of infrastructure megaprojects, becoming an attractive destination for any foreign company in the sector.
According to the Bogota’s Chamber of Commerce, the construction sector contributes with 19.7% of Bogota’s GDP and it has generated around 678.000 direct jobs. In the last 5 years, the construction sector has grown an average of 8%, consolidating itself as one of the sectors that drives an economic growth in the country.
Bogota is a stable city for doing business and has a solid financial system, according to the Fitch rating agency that has rated the city with BBB.
Our experience in infrastructure and City Projects
Since 2013, Invest in Bogota has formed a team focused on supporting infrastructure companies to install their business in the city as a result of the relevance of the sector which to date has a pipeline of USD 9 billion in projects in the following sectors:
Projects to begin construction in 2020
First line of Bogota's Metro Bosa Hospital Santa Clara Hospital
Usme Hospital Regiotram Soacha's Transmilenio Phase 2&3
WWTP Canoas ALO Sur Accesos Norte
Tren del Norte Triangulo de Fenicia Lagos de Torca
Monserrate CAD Bronx
Bogota's Metro II phase (Suba-Engativa) Bogota's Metro Extension to 100th Street San Cristobal Cable Car
Street Parking Usaquen Cable Car Transmilenio Fleet Renewal
Calle 113 Materno Infantil Hospital Simon Bolivar Hospital
"El Campin" Stadium South Regiotram 7th Avenue "Green Corridor"
Ciclo Alameda del Medio Milenio San Rafael Cable Car
Companies Support: Testimonial
"As part of the Bapi Telecomunicacoes group in Brazil, Coli Tecnología opens its doors in Colombia in 2018 to expand its portfolio and operations from Bogota. Invest in Bogota has supported us through the setup process by establishing the first contact with certain entities already established in Colombia in order to start a commercial relationship and understand the functioning of the local market. This intervention has facilitated our growth process in Colombia. We would like to thank the infrastructure team from Invest in Bogota for their unconditional support throughout this year and for their assistance with the requirements we have had.”
Lina Acevedo Sepulveda
Systra, a global consulting company in engineering
Updated (mm/dd/yyyy): 30/03/2020.