Colombia's $15 Billion Road Plan Bounces Back From Bribe Scandal

Road blurred car driving through city

Colombia ranks 102 out of 140 nations in road infrastructure quality.

June 3, 2019
Oscar Medina - Bloomberg

Colombia’s $15 billion highway program has come roaring back to life as laws to protect investors help confidence recover from a massive kickback scandal that had paralyzed the sector.

Public works expanded 8.5% in the first quarter from a year earlier, a rare bright spot in an economy that has struggled to grow since oil prices crashed nearly five years ago.

Colombia ranks 102 out of 140 nations in road infrastructure quality, behind Bolivia and Sierra Leone, according to World Economic Forum’s Global Competitiveness report. Fixing that problem, which has bedeviled Colombian industry and agriculture for centuries, can boost growth for a generation, the government believes.



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