Colombian government decrees a 3.5% increase in the minimum wage to $ 260 per month in 2021

The Government of Colombia decreed a 3.5% increase in the minimum wage that around 2.5 million workers and pensioners will receive in the country during 2021, President Iván Duque reported on Tuesday, after it was not possible to agree on the rise between unions and unions. Thus, the amount of the salary was set at $259.9 dollars.

Colombia allocates $596 mn in 27 infrastructure projects of the “Commitment for Colombia” recovery programme

The Ministry of Transportation awarded 27 infrastructure projects that will be developed in four regions of the country and which are expected to generate 40,000 jobs. The awarded projects will be developed in the Coffee Region, oriental plains, Pacific and southern regions of the country, for a value of $ 598.5 million in 27 infrastructure projects.

Colombia advances 700MW Sebastosol PV project

Colombia's mines and energy ministry has issued a draft resolution that paves the way for the construction of a 700MW solar complex in the country's north. Slated for the municipality of Cimitarra, in Santander department, the Sebastosol complex is one of Latin America's largest solar PV energy initiatives. It forms part of a proposed $6 billion energy hub bordering Santander and Antioquia departments that would also include Latin America's first privately owned oil refinery, a 135MW combined cycle thermoelectric plant and a hydrogen production unit. Sebastosol is currently in the permitting phase, having already completed feasibility studies.

FDN will participate with $100 mn in financing for the Alto Magdalena infrastructure project

The Financiera de Desarrollo Nacional (FDN) confirmed its participation in the new financing structure of the Alto Magdalena 'Alma' project with an investment of 100.7 million. Of the 4th generation infrastructure projects planned in Colombia, 'Alma' is the longest with 190 kilometers, including 21 km of new roads, the improvement of 136 km, the rehabilitation of 33 km, and the construction of 404-meter and 760-meter bridges. Other companies that will participate in the financing of the project are Banco de Bogotá, the Ashmore Debt Fund - CAF, Blackrock, and the Sumitomo Mitsui Banking Corporation in association with the Mitsubishi UFJ Financial Group.