Colombia’s former president in Ukraine to urge global...
Medellin’s violent crime statistics drop significantly
Colombia’s unprecedented police purge causes controversy
Gustavo Petro
Francia Marquez
Colombia suspends ‘most important project of this century’
How to end the war in western Colombia?
Colombia’s government talks peace with ELN in Cuba
Colombia and Venezuela reestablish diplomatic ties
How to keep Venezuela’s diaspora in Colombia safe?
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
(Image credit: Inmobigar Inmobiliaria)
News

$600M in construction contracts in Colombia granted to ‘construction mafia’

by Talor Gruenwald April 13, 2015

Hundreds of millions of dollars in construction contracts have been paid to companies who may have illegally won the contracts, an investigation conducted by the Colombian Chamber of Infrastructure (CCI) said Monday.

The specifications of many of the contracts were written such that only one firm’s bid fully complied, guaranteeing them the contract.

According to the president of the CCI, Juan Martin Caicedo Ferrer, this is the reason why construction projects are often of low quality or left unfinished.

“The intervention of the Inspector General in awarding contracts is necessary,” asserted Caicedo, claiming it “would lend some transparency to the processes.”

The investigation went on to reveal that in all the municipalities of the country, 65% of construction contracts receive only one bidder.

“This means we’re no longer talking about corruption in a handful of construction contracts but in many contracts across the country,” explained Caicedo.

The results of the investigation are now in the hands of the Prosecutor General, the Inspector General, the Comptroller General, and the presidential Transparency Secretary.

corruptionreal estate

Trending

  • Colombia suspends ‘most important project of this century’

  • Colombia’s new government proposes tax reform to finance ambitious agenda

  • Colombia’s largest paramilitary group announces unilateral ceasefire

Related articles

  • How serious is Colombia’s president-elect about fighting corruption?

  • Colombia’s army chief retires amid corruption scandals and escalation of violence

  • “Corruption cost Colombia’s peace process $119M”

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top