World Bank Loan To Boost Colombian Transport System

Colombia’s national urban transport system is to be bolstered with the help of a $207m loan from the World Bank via its unit the International Bank for Reconstruction and Development. A plan to roll out Bogotá’s Transmilenio system in other cities such as Medellín and Barranquilla will be financed with the help of the loan. The fixed-spread loan is repayable in 13.5 years, and carries a grace period of 8.5 years.