The funding package was approved by the Economic and Social Policy Council (Conpes) earlier this month and includes Pesos 12.8 trillion for the initial 15km phase of metro Line 1 from Portal Américas to Calle 6 in the city centre, which is due to open in 2022.
The government will contribute Pesos 1.36 trillion towards the 41km RegioTram tram-train line, which will link Carrera Décima in Bogota with the town of Facatativá via Funza, Mosquera, and Madrid. The line is forecast to carry around 211,000 passengers per day with a journey time of 48 minutes. The project will be implemented as a PPP.
In addition to the rail projects, the government has allocated Pesos 600bn towards the expansion of the TransMilenio bus rapid transit network.
For detailed data on hundreds of new-build rail projects around the globe, subscribe to IRJ Pro.