Through his Twitter account, President Gustavo Petro announced that the Government decided raise investment with future validity from 0.6 to 0.8 of GDP. This means, according to the president, «more or less 20 trillion pesos additional investment in infrastructure with private competition for the next 10 years.»
(Also read: Development Plan: almost 1,300 proposals have already reached the project).
«Last night I had fun when I invited my council of ministers, which took 5 hours of meeting, to delve into the mathematics of public finances. ‘Cheveres’ mathematics late at night. We decided to raise GDP from 0.6 to 0.8 investment with future validity», wrote the head of state.
That means more or less 20 trillion pesos additional investment in infrastructure with private competition for the next 10 years.
— Gustavo Petro (@petrogustavo) March 7, 2023
Precisely, a few days ago the National Government gave details of an ambitious infrastructure plan for more than $84.8 billionwhich seeks to improve the competitiveness and productivity indicators of the country and, at the same time, generate a balance in the demand of the modes.
Of all the money, 50 billion pesos will go to public-private concession projects; 28.2 trillion pesos for the intervention of non-concession roads; 4 billion pesos will be for the strengthening of port areas, the maintenance of rivers and the development of the Magdalena River; and 2.6 trillion pesos for air connectivity.
(In addition: Inflation in February reached the maximum of 13.28%, but its pace slows down).
With these initiatives, the Government seeks to consolidate intermodality and facilitate trade, reduce costs and logistics times. These costs today represent 12.6 percent of sales and it is expected that by 2030 this value will reach 9.5 percent, which would boost competitiveness against other countries.
Bearing in mind that 70 percent of the sector’s resources are already committed in future terms, the Ministry of Transport will resort to other sources of financing such as the General Budget of the Nation, royalties, works imposed by fees and considerations, valuation and toll collection.
(Keep reading: Colombian coffee production rose 10% in February.)
ELTIEMPO.COM