The Government of Colombia signed a memorandum of understanding with the United Kingdom to promote the railway reactivation of the Andean countrywhich aims to mitigate other problems with this initiative, official sources reported this Saturday.
(Read: US$15 million will be invested in an ecological hotel in Guatapé).
“Through the reactivation of its railway sector, Colombia has the potential to face important challenges in terms of poverty reduction, competitiveness and climate change mitigation.“said the Minister of Transportation, Guillermo Reyes, quoted in a statement from his office.
The memorandum of understanding, according to the Colombian government, opens the door to greater collaboration in terms of rail infrastructure, as the minister highlighted the experience of the United Kingdom in this area and also its strategic role. Likewise, this document strengthens bilateral relations, promotes mutual economic development and promotes social and environmental benefits for Colombia, which aims to develop a modern and sustainable transport infrastructure.
In the last 5 years, the British Government has invested more than 10 million euros (10.9 million dollars at today’s exchange rate) in strategic technical assistance for Colombian infrastructure, with an emphasis on gender issues, energy transition and sustainability.
(See: Advance action plan for the connection of the Pan-American highway).
“Thanks to this agenda between the two countries, a robust portfolio of infrastructure projects for Colombia has been generated, the execution of which will require“multimillion-dollar investments, added the Ministry of Transport in the statement.
EFE
