The World Bank debarred the Spanish construction company FCC for two years for fraudulent practices and collusion in two tenders for a $487 MM World Bank-funded environmental project, designed to help the Colombian government improve water quality, reduce flood risks, and create multi-functional areas along the Bogota River. FCC Construcción will pay $5.5 million in restitution to Colombian authorities, and develop an integrity compliance program as part of the settlement.
Colombia Económica aims to promote responsible cross-border trade & investment by facilitating the transparent flow of information to and from Colombia.
