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The mayor is seeking to raise up to $1.4 billion USD for new infrastructure, especially highways and a regional train.

Mayor Enrique Penãlosa wants to raise some $1.35 billion USD for transportation projects, but he is facing strong opposition from labor and the Social Party of National Unity.

“The difference between this and previous metros is that this one will actually be built,” said Bogotá Mayor Enrique Peñalosa.

The City of Bogotá controlled telecommunications company, Empresas Telefonicas de Bogotá (ETB) (BVC:ETB) has seated a newly formed board of directors that, in their first meeting, elected Jorge Castellanos Rueda (above) as the new president. In Colombia, it is common for...

The electoral campaigns are heating up in Bogotá, Colombia’s capital. Finance Colombia endeavors to speak with every serious candidate willing to offer us their time. This year, we were able to sit down first with Bogotá’s Libertarian candidate, Daniel Raisbeck. The Libertarian...

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...

Mintrabajo, Colombia’s ministry of labor, announced that the monthly minimum wage throughout the country will be set at $644,350 pesos per month, an increase of 4.6%. The labor minister, Luis Eduardo Garzón, announced that the increase was higher than in previous years, thus...