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Today the board of directors of Financiera de Desarrollo Nacional, Colombia’s national development finance entity that supports the financing of major public works projects announced that the agency’s president, Clemente del Valle Borráez (above photos) has stepped...

The bank says that "the elevated metro can help save up to $61 million USD in investments per kilometer and its operation will cost 28% less than an underground system."

The Bogotá City Council and national government approved a 15 trillion pesos ($4.9 billion USD) agreement last week to co-fund the city’s long-awaited metro system, and the parties now have until November 11 to iron out the details before a law kicks in that would shelve the...

"Bogota's ratings reflect its solid operating performance and its manageable debt levels,” said Fitch Ratings.

"It is the largest investment in the history of Bogotá," said President Santos.

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.

Colombia’s Finance Minister Mauricio Cardenas, confirmed last Monday “absolute support ” by the national government for the proposed construction of the Metro de Bogotá, the capital city’s planned subway and light rail project. While participating in the...