Banco de Bogotá finances the Metro line: how much will it contribute to the project?

Through a syndicated loan, Banco de Bogotá contributes $300,000 million. This amount will be disbursed through the sustainable development line, which is part of the entity’s sustainable product portfolio.

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This project, considered the most important in terms of infrastructure for Bogotá, reached a progress of 44.45% as of November 30, 2024, and is expected to, once completed, provide an efficient, safe and sustainable transportation service for thousands of citizens. The first disbursement of this project, for an amount of $250,000 millionwas held on November 25, marking an important milestone in its progress.

“At Banco de Bogotá, we are convinced that large infrastructure projects, such as the first line of the Bogotá Metro, They not only transform the mobility of our city, “but they are also a key driver for sustainable development”said Rafael Arango Calle, vice president of Business Banking and Official of the Bank of Bogotá.

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(See: OECD forecasts for Colombia: the country’s GDP would be 1.8% in 2024 and 2.7% in 2025)

The first line of the Bogotá Metro, which will travel 23.96 kilometers from the Patio Taller in Bosa to Av. Caracas with Calle 72will have 16 stations, of which 10 will have direct connection to the TransMilenio system. The complete route will be completed in 27 minutes, with an average speed of 43 kilometers per hour. It is estimated that this system will move 72,000 passengers per hour in one direction.

The project will be operated with 30 100% electric trainswhich will stop emitting nearly 171,000 tons of CO₂ per year, a contribution to sustainability.

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