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The dollar-based line of credit comes from the Central American Bank for Economic Integration (BCIE).

U.S. engineering firm Modjeski and Masters determined that a support pile that failed because of a design flaw.

This adds to the original loan of nearly $125 million USD (350 billion pesos) that was approved in December 2017.

Mortgages only represent 7% of GDP in Colombia, a lower rate than in many other Latin American countries.

The investment builds upon a pre-existing partnership with IDB and will target infrastructure financing.

Following an initial investment of nearly $40 million USD (113 billion pesos), the flagship Caltek plant will be located in Puerto Triunfo.

In all, some 11.98 million tons of gray cement were shipped in 2017 compared to 12.1 million in 2016.

Puerta del Hierro-Palmar de Varela and Carreto-Cruz del Viso have broken ground.

“They say they want peace, but they contradict that fact,” stated President Santos, adding "it will be very difficult to resume the dialogues.”

The funds will significantly reduce the interest rate of some 77,000 mortgages that officials say will be generated by plan.