September 1, 2007
"Ruta del Sol" is becoming a utopian catch phrase in Colombia's business community, which is eagerly anticipating $35 billion in infrastructure spending over the next three years. The unbuilt highway, which will connect Bogotá, located at the geographical center of the country, to three key Caribbean ports Barranquilla, Cartagena and Santa Marta is part of a grand experiment being cooked up by the federal government and IFC that could result in a new template for LatAm infrastructure finance.
The goal is to create a new model for auctions of large-scale concessions one that departs from the current standard where projects are solely financed with capital from engin
With the IFC's help, Colombia is drawing up its own blueprint for infrastructure finance. Local investors are rubbing their hands as the government seeks a replicable model.