Link to source
Data sheet
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Summary sheet
Release date
25 May 2018
Status
Reference
Signed | 06/08/2018
20170904
Project name
Promoter - financial intermediary
BOGOTA SUSTAINABLE TRANSPORT FL
METRO DE BOGOTA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 480 million (EUR 410 million)
USD 4740 million (EUR 4049 million)
Description
Objectives
The project consists of the reorganisation and improvement of the public transport network in Bogotá, the capital city of Colombia, structured under a framework loan with the major scheme being the construction of the first metro line in Bogotá, comprising a 24-km long elevated metro with 15 stations, a depot and 23 metro trains.
The project will improve travel times in the area, reduce traffic congestion and increase the connectivity and mobility in the city of Bogota.
Environmental aspects
Procurement
The project is expected to have a positive environmental impact when in operation, as private car drivers will shift to public transport use, reducing fuel consumption and transport-related pollutants emissions.
The procurement method and procedures have not yet been finalised. The Bank will require the promoter to ensure that the implementation of the project will be done in accordance with the Bank's Guide to Procurement.
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