Infra funds set sights on Colombia’s $13 bn 5G program

Infrastructure funds are interested in Colombia’s $13bn fifth generation (5G) program, citing regulation advances, an attractive project pipeline and the government’s success in speeding up works in the 4G concessions program. The first wave of the 5G program involves 12 projects requiring US$5bn, while a second wave involves 11 concessions and US$8bn, transport minister Ángela Orozco said. The effort of the government to strengthen concession contracts was praised by BlackRock’s managing director for Colombia and Central America, Luis Núñez, who added that “the 4G and 5G contract model, from an ESG [environmental, social and governance perspective] can be exported to any place in the world.”

Source: Bnamericas