Infrastructure and City Projects
In 2017, Bogotá contributed to 25.7% of the country's Gross Domestic Product. Also, the participation of employed persons over the total indicator of the country was 18.9%.
During the present year, Bogota has strengthened economically with a growth of 2.6% of its GDP, reaching a GDP per capita figure of US $ 9.778. On the other hand, the unemployment rate in the city was reduced by 22%, making the economic behavior of the city more dynamic.
On May 30th of 2018, Colombia joined the Organization for Economic Cooperation and Development (OECD), becoming the 37th member. This guarantees that public institutions in Colombia will comply with the international standards of the developed world, which generates greater guarantees for investors.
Ranking OCDE (2017)
Its strategic location and daily flight connections make Bogota an ideal place to serve regional markets. Bogotá has become the HUB for more than 226 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.
It is a city with stability to do business and a solid financial system. According to Fitch Ratings Bogota counts with an investment grade of “BBB”.
The construction sector is the seventh most important sector that integrates the National economy. For the last years, it has presented an average growth trend of 4.5% per year.
- Bogotá represents 20% of Colombia’s construction sector.
Systra, a global consulting company in engineering
Colombia is the third most competitive country in the world in PPP scheme
Colombia is the third most competitive country in the world in terms of regulation to finance infrastructure works through the scheme of Public-Private Partnerships (PPP), according to the World Bank, in the ranking "Procuring Infrastructure PPP 2018", this ranking measure 135 countries for the development of projects under the PPP scheme
Public-Private Partnerships presented in Bogotá
114 public-private partnerships presented to district entities. Of these, 101 are of a private initiative that is divided into:
- 76 in pre-feasibility stage
- 24 in the feasibility stage
- 1 in execution
and 13 of public Initiative.
Infrastructure in Invest in Bogota
At Invest in Bogotá we are focused on promoting the different infrastructure projects of the district, as well as identifying and promoting Public-Private Partnerships of Private Initiative that are aligned with the district execution plan in order to increase the well-being of citizens, reduce the inequality in the quality of life and increase the competitiveness and productivity of the city.
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 physical and technological infrastructure in healthcare.
- Construction of new schools.
- "Better mobility for all"
- Unified surveillance and communications system and assistance to citizens (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 execution of projects under the scheme of Public-Private Partnerships. It expects to collect 14.5% of the total resources necessary to execute the ambitious City Development Plan.
DIRECTIVA 006 DE 2016- Instructions for evaluation and approval of projects under the Public Private Partnership - PPP - private initiative.
Various planned-projects include architectural renewal, technological upgrading, operation and maintenance of infrastructure, social and economic engineering.
For the transport infrastructure projects, the Mayor's Office plans to invest 37% Development Plan’s total budget. The most relevant projects in this area are:
First Line of Bogota Metro – soon to be the most important infrastructure project in the country.
- The First Line of the Bogota Metro will have a commercial length of 25.29 kilometers, will be a hundred percent elevated and will be built in three stages. Stage one and two, fully funded, will go from Portal Americas to Caracas Avenue, along Av. Villavicencio, Av. Primero de Mayo and Calle 1, where it will turn north to Calle 72, there are 25.29 kilometers
- The First Line of the Metro will have 23 trains in 2022.
- Section 3: runs from 72nd Street to the 127th street.
- The investment will be of $ 4.2 Billion USD. It will be carried out through a 26-year Integral concession contract. (Transmilenio).
- On November 09 of 2017, the CONPES document was signed: support from the national government to Bogotá's public transport system and a declaration of strategic importance for the first metro-stretch line 1 project.
- The current status of the project can be found in detail at the following link: http://www.metrodebogota.gov.co/?q=transparencia/contratacion/la-licitacion
Source: Alcaldía de Bogotá- Metro en Bogotá.
More information here: http://www.metrodebogota.gov.co/
West Light Rail "Regiotram"
West Light Rail “Regiotram” departs from the Central Station of La Sabana to the municipality of Facatativá, and includes a branch to the current Airport. It will benefit the municipalities of Funza, Facatativá, Madrid, Mosquera, and El Corzo.
• 48-minute trip
• 126,000 passengers / day
• 16 stations
• Maximum speed: 60 km / h
Estimated investment: $ 500 Million USD for the infrastructure.
New La Sabana Airport
El Dorado is currently 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.
The new “La Sabana” Airport whose location will be in the municipality of Facatativá is a construction project, which will be located 15 km from Dorado I. It will cover an area of 1,980 hectares, with a passenger terminal of 40,000 m2 with 33 platforms.
The construction will consist of 3 tracks built in several phases depending on the increase of the passenger demand. It is estimated that in 2041 Bogota will receive approximately 70 million travelers. Out of these, 89% will be mobilized through El Dorado I and the rest through the new airport.
It is a PPP project of a Private Initiative and has an estimated cost of $ 3.2 billion USD.
Seventh Avenue Transmilenio Corridor
Construction for the adaptation to the Transmilenio system of the 7th avenue from 32nd Street to 200th Street. It includes a branch at the 72nd Street between 7th Avenue and Caracas Avenue, a portal courtyard, and connections.
Public work project with an estimated investment of $ 824 million USD.
• Length: 20 km
• Route: 7th avenue between 32nd and 200 street
• 200 environmentally friendly buses
• 22 stations
• 280,000 m2 of pedestrian roads
• 11 km of ciclo paths
• 24,000 passengers hour / direction
Construction, design, operation, and maintenance of the Highway “Corredor Longitudinal de Occidente Sur”. It seeks to strategically connect the south of the capital with the third lane Bogotá-Girardot and become an alternative road for part of the traffic arriving from the south of the country.
• Length: 49 Kilometers
• 30 minutes reduction of travel
• Two lanes in each direction
• 16-meter pedestrian platforms
• Ciclo paths
Estimated investment of $ 387 Million USD
Expansion of the second section of the road to access the north of Bogotá through the highway and the 7th avenue.
• Length: 41 kilometers
• 6 Transmilenio stations
• 6 pedestrian bridges
Estimated investment of $ 500 million USD
PTAR Canoas: Construction project for the Canoas Wastewater Treatment Plant, which will be focused on secondary treatment with disinfection. This plant will be responsible for the treatment of 70% of the wastewater from Bogotá and Soacha, with two treatment trains each of 8m3 / sg.
- 690 tons of biosolids treated per day.
- A population of 7,322,000 will benefit by 2040.
- WWTP # 1 in Colombia
Estimated investment: ¢1.5 Billion USD
Information of the process: https://www.acueducto.com.co/waspre/SILWeb/publicsil.html This stage is by concession.
Urban Renewal Projects
BRONX CREATIVE DISTRICT: Design and construction of the Bronx creative district, a center of economic activity of urban renewal, through which new spaces dedicated to creativity will be generated. It brings will bring along new consumption dynamics and visitors to the city center.
- Area: 30,000 m2
- Existing infrastructure (The Mile, The Flute and Recruitment Battalion)
- New creative building
Estimated investment $ 58 Million USD.
TRIÁNGULO DE FENICIA: Urban renewal Project located between Circunvalar Avenue, Jiménez Avenue and Carrera 3ra. The project includes 8.5 hectares where there is expected to be 70% of public space and the remaining 30% will be for buildings with apartments, priority interest housing, offices, shops, a hotel, an auditorium, and an exhibition hall.
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
LAGOS DE TORCA: Initiative that Will transform the north of Bogotá into a new neighborhood where housing will converge with facilities such as cultural, recreational, educational and health centers. In addition, existing environmental zones will be recovered and protected and the mobility of the area will be improved. Funding model: development by private. Estimated investment: $ $1.333 Million USD.
Construction of 3 hospitals of high and medium complexity that will benefit more than 1,000,000 people from Usme, Simón Bolívar, Tunjuelito, Santa Fe, Mártires, San Cristóbal, La Candelaria, Antonio Nariño, Rafael Uribe, Kennedy, Fontibón and Bosa.
- Investment: $ 91 Million USD
- Area: 32,000 m2
- Type of contract: Turn-Key Public Work (Design, Construction and provision)
- Tender: February 2019
- Opening: 2022
Santa Clara Hospital
- Investment: $ 160 Million USD
- Area: 84,000 m2
- Type of contract: Concession contract - DBOMT
- (Design, Construction, provision and maintenance)
- Tender: February 2019Opening: 2022
- Investment: $ 80 Million USD
- Area: 27,000 m2
- Type of contract: PPP
- (Design, Construction, provision, and maintenance)
- Bidding: March 2019
- Opening: 2022
"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
Updated (mm/dd/yyyy): 12/05/2018