Improving Colombia’s road network is critical for its economic growth. According to the World Economic Forum, the country’s toll roads rank in the bottom 20 countries surveyed in the world in terms of quality. To address this issue, in 2013 the Colombian government embarked on a highly ambitious series of road projects, known as the 4G Toll Road Concession Program.
However, significant construction risk – inherent in building across a complex geographical landscape – is hindering the 4G program’s progress.
The question Julyana Yokota, director, Global Infrastructure Ratings, S&P Global Ratings, asks in P3 Bulletin is: can government legislation, designed to encourage more international capital flows, overcome these challenges?
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