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The jump, if fully realized, would be enormous, adding some 57% to the current capacity in nine Latin American nations.

Colombia's financial industry regulator has authorized the public offering of shares with preferential dividends by Grupo Argos S.A.

"We will benefit about 10,000 people by developing residential areas in the city center," said Peñalosa.

Bogotá's high-density population is one of the city's strengths but further development must be better planned. "The government has to intervene," says Mayor Peñalosa.

The Eastern Perimeter Highway project will expand and improve 154 kilometers of roads as well as build eight small bridges.

The construction phase is expected to last 39 months, and the company will operate the transmission system for 25 years.

More and more Colombians seem to be interested in buying real estate in Miami, with the nation leading all others in searches for Southern Florida properties.

Infrastructure upgrades are helping Colombia become more and more competitive as Colombia looks to diversity its exports, says Juan Camilo Vázquez of Maersk Line.

"There is no trade without logistics, and poor logistics often means poor trade," writes Anabel González of the World Bank.

The loan, which has a 20-year term and an LIBOR-based interest rate, is specifically marked to help encourage private investments.