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//Construction & Real Estate
In November 2017, Colombian President Juan Manuel Santos visited the vast suspension bridge as it was nearing completion. (Photo credit: Presdencia de la República / César Carrión, SIG)
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Study: Fatal Chirajara Bridge Collapse in Colombia Caused by Design Flaw

U.S. engineering firm Modjeski and Masters determined that a support pile that failed because of a design flaw.
Posted On April 28, 2018
, By Jared Wade
(Photo credit: skeeze / Pixabay)
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FDN Extends Additional $25 Million USD Credit for 4G Roadway Project Autopista al Mar 1

This adds to the original loan of nearly $125 million USD (350 billion pesos) that was approved in December 2017.
Posted On April 27, 2018
, By Jared Wade
BBVA Colombia branch in Bogota, Colombia
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BBVA Colombia Secures $150 Million USD Loan from IFC to Put Toward Housing Finance in Colombia

Mortgages only represent 7% of GDP in Colombia, a lower rate than in many other Latin American countries.
Posted On April 16, 2018
, By Jared Wade
Ginza Tokyo Japan (Photo credit: Francisco Diez)
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Japan Pledges $5 Million USD for Public/Private Infrastructure Financing in Latin America

The investment builds upon a pre-existing partnership with IDB and will target infrastructure financing.
Posted On March 26, 2018
, By Jared Wade
Caltek (Photo credit: Cementos Argos)
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Cementos Argos and Grupo Calidra Jointly Form Lime Production Company Caltek

Following an initial investment of nearly $40 million USD (113 billion pesos), the flagship Caltek plant will be located in Puerto Triunfo.
Posted On February 25, 2018
, By Jared Wade
Argos Cement Colombia (Photo credit: Jared Wade)
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Gray Cement Shipments Fell by 1.0% in Colombia in 2017

In all, some 11.98 million tons of gray cement were shipped in 2017 compared to 12.1 million in 2016.
Posted On February 14, 2018
, By Jared Wade
(Photo credit: skeeze / Pixabay)
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Work Begins on Two Roadways in Second Wave of Colombia’s 4G Highway Overhaul

Puerta del Hierro-Palmar de Varela and Carreto-Cruz del Viso have broken ground.
Posted On February 14, 2018
, By Jared Wade
The most severe physical damage done by the ELN infrastructure downed a bridge in Pelaya, Colombia. (Credit: Ejército Nacional de Colombia)
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Weekend Campaign of Infrastructure Attacks by ELN Disrupt Order, Kill One Soldier in Colombia

“They say they want peace, but they contradict that fact,” stated President Santos, adding "it will be very difficult to resume the dialogues.”
Posted On February 12, 2018
, By Jared Wade
(Photo credit: Minvivienda)
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Colombia Launches $420 Million USD Housing Subsidy Program

The funds will significantly reduce the interest rate of some 77,000 mortgages that officials say will be generated by plan.
Posted On February 9, 2018
, By Jared Wade
Housing construction costs rose by 4.77% in Colombia in 2017. (Credit: Jared Wade)
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Housing Construction Costs Increased by 4.77% in Colombia in 2017

The increase was driven largely by a 5.94% spike in labor costs and 4.38% rise in the cost of materials.
Posted On January 22, 2018
, By Jared Wade
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