The Energy and Mining Planning Unit (UPME, as per its Spanish acronym), which is the entity in charge of structuring the tender, affirmed that the goal is to mitigate the shortcomings deriving from the lack or insufficiency of energy transmission grids in the local grid—more specifically, in the regional transmission system of the Atlantic Department.
The call for tender has already undergone a pre-publication process and the tender will soon open to select an investor and a comptroller for the project’s construction and operation.
Since the Government authorized the construction sector to resume activities (as of April 27), the Colombian Chamber of Construction (CAMACOL, as per its Spanish acronym) has recorded 2,180 construction active projects as of May 19, which represent 84% of all projects and allow the return of 550,000 workers.
Colombian Ministry of Health declared that due to the COVID-19 pandemic, an expansion plan for hospital infrastructure will be implemented.
Also, Decree 457 ordered preventive isolation from 0:00 a.m. on Wednesday, March 25th until, the recently extended date, April 26. This Decree limits the free movement of people and vehicles, and suspends domestic air transport. It also brings a list of 34 activities exceptions that can be carried out and indicates that cargo transport, storage and logistics for import and export cargo must be guaranteed.
After the economic emergency declaration from Colombian Government, President Duque has decided to allow infrastructure projects’ activity as a new exception of the Decree 457 of March 22nd, 2020. This decision is part of the Government measures to reactivate the Colombian economy.
Besides to this announcement, recently Colombian Government launched the Fifth Generation of Infrastructure Program 5G. The best policy to revive the economy in response to the COVID-19 outbreak and going ahead with infrastructure projects to create thousands of jobs.
Madrid, May 31st. Next week, ProColombia, together with the Colombian regional investment promotion agencies: Invest in Bogotá, ACI Medellín and Invest Pacific, will be presenting the business environment in Colombia and investment opportunities for European investors.