The $33.6 billion Bogota development plan, also known as “Human Bogota,” was passed in the city council on Wednesday, local media reported.
The plenary of Bogota’s city council endorsed the four-year plan submitted by city mayor Gustavo Petro, with 36 votes in favor and eight against.
The majority of the funds will be directed toward public transportation and social and environmental issues.
According to Caracol Radio, Sanguino warned the council that the extra money would have to be sought through co-financing or bank loans.
He also noted that several modifications were made to the plan. Articles that would have given extraordinary powers to city mayor Gustavo Petro were removed and intiatives to acquire a bank were stopped, Sanguino said.