2019 was the 12 months through which Chinese language firms lastly made their method into Colombia, the Latin American nation that had maybe been most sceptical about funding from the area’s second largest buying and selling accomplice. Two weeks in the past, headlines had been stuffed with the acquisition of the gold mining firm Continental Gold by the Chinese language Zijin Mining Group, in reality, it Colombia opened the door to Chinese language capital and its firms by the transport and infrastructure sector.
4 enterprise offers stand out: the contract to construct the long-awaited Bogota metro; the entry of electrical bus fleets into Medellín and Cali; the award of the Mar 2 freeway; and the bid for the suburban practice within the Bogotá metropolitan space.
This marks a notable turnaround within the relationship between the 2 nations, even if Colombia stays one of many few nations within the area to not be a part of China’s flagship Belt and Highway Initiative. China’s ambassador in Bogotá, Xu Wei, acknowledged in October that “to this point, because of the lack of information and belief, we should not have an excellent financial and industrial relationship”.
Bogotá metro alerts transport infrastructure advance
In October, Bogotá selected two Chinese language firms as winners of the tender for the development of the primary line of its metro, which is able to start in 2020.
This determination – the contract for which was signed on 27 November – ought to put an finish to a saga that has lasted greater than half a century. Bogotá has seen successive plans to construct the metro introduced after which crumble. Folks spoke of it extra as a fable than of one thing possible. Whereas cities the identical measurement as Bogotá, reminiscent of Lima, constructed their metros, Colombia’s capital, which has 7 million inhabitants, remained one of many world’s largest metropolises and not using a metro system.
The corporate is made up of APCA Transmimetro, a consortium which is 85% owned by China Harbour Engineering Firm Restricted (CHEC), which is a subsidiary of the state-run large China Building Communications Firm (CCCC) and ranked 110th in Fortune journal’s high 500 world firms. Xi’an Metro Firm Restricted, an organization from Shaanxi province that operates primarily in China and was answerable for the development and operation of the Xi’an subway, holds 15%.
Ultimately, competing with a single rival and submitting the bottom bid of 13.eight billion pesos (US$four.5 billion), the Chinese language consortium was awarded the Bogota subway contract, regardless of having little expertise constructing metros, having confronted a lot of scandals surrounding a few of its initiatives in nations reminiscent of Costa Rica, Panama, Sri Lanka and China itself.
Its mission might be to construct the primary line of this elevated subway, comprising 23.96km of viaduct and 16 stations, crossing the Colombian capital from south to north. The Bogotá Mayor’s Workplace estimates that it is going to be in a position to transport 72,000 passengers per hour, serving to to cut back strain on the Transmilenio bus fast transit (BRT in English) system. Though the attribute pink buses now account for 50% of Bogota’s transport, they will not help demand.