Japanese bank pulls financing from Odebrecht’s Colombia river project
Japan’s Sumitomo Mitsui bank has pulled $250 million in financing from Colombia’s...
Tag: public works
US pledges $1.2M to construct ‘educational parks’ in northeast Colombia
The United States’ leading aid agency, USAID, has pledged $1.2 million toward the...
90% of engineering contracts in Colombia ‘rigged’: Engineers
Colombia’s system for awarding public contracts is massively corrupt, according to protesters from the engineering sector. What was labeled the “‘Firmathon’ for the Dignity of Colombian Engineering”...
More effective policies ‘could have prevented economic slowdown’
The president of the National Association of Businessmen (ANDI) said the government could have avoided Colombia’s economic downturn through more effective strategies aimed at curbing the effects of the global economic...
Medellin inaugurates almost-finished mega-escalator
Medellin inaugurated Colombia’s first mega-escalator Monday for swifter passage up the hillside of the city’s most dangerous district, Comuna 13. The $6.9 million dollar public works project is the first of its kind...
Medellin’s most infamous neighborhood to get giant escalator
Medellin’s most dangerous district, Comuna 13, will be the new home of Colombia’s...
Foreign firms propose changes to Colombian contract bidding
Multinational corporations presented proposals to the Colombian Ministry of Transportation to improve competitiveness and permit more foreign investment in the transportation sector, reported La Republica Wednesday. The...
Public works contractors only to receive state money for project advances: Govt
Colombian Transport Minister German Cardona said that public works contractors from now on will only receive state money for progress made in projects, due to repeated instances of failure to complete the works. Cardona said...
Unfulfilled contracts spark proceedings against Bogota IDU directors
The Bogota Comptroller’s Office has opened fiscal responsibility proceedings against the former and current directors of the city’s Urban Development Institute (IDU) for failure to comply with public infrastructure...
Antioquia governor investigated for contract irregularities
Colombia’s Inspector General’s Office has opened investigations into Antioquia Governor Luis Alfredo Ramos for alleged contract irregularities. The supposed irregularities pertain to some 40 contracts in which a...
Supreme Court to investigate another corruption scandal
Boxes with information supposedly incriminating congressmen and local politicians in a new national public works corruption scandal have arrived at the Supreme Court, W Radio reported Thursday. The Supreme Court is apparently...
Ex-congressman says he will cooperate in Bogota corruption investigations
Former Congressman German Olano said that he will fully comply with the Supreme Court during investigations into the Bogota corruption scandal that involved the fraudulent awarding of public works contracts in the capital city....
