Medellín Metro News 80
Medellin-based chain retailer Grupo Exito announced November 12 that it will build Colombia’s biggest shopping mall – not in Bogota, but rather in the Medellin suburb of Envigado.
Big infrastructure projects now underway including the “Prosperity Highways,” the “Toyo” tunnel, the new “Port Antioquia,” the “Navelena” dredging project on the Magdalena River, and the giant “HidroItuango” hydroelectric project collectively will bring a huge economic and social boost to Antioquia and Medellin starting in the next five years -- and continuing long afterward.
Spain-based corporate-reputation analyst Merco found in a new survey and study that Medellin-based Grupo Bancolombia is now the highest-ranked company in Colombia -- and led by Colombia’s best corporate leader: Carlos Raúl Yepes (see photo, above).
The Ministry of Environment on October 29 unveiled a study showing that Medellin ranks best among all Colombian cities in environmental quality – but with only a “moderate” ranking.
Colombia’s national infrastructure agency (ANI) announced October 21 that financial close has now been achieved on the “Pacifico 1” (Medellin to Bolombolo) highway project and the related “Pacifico 2” (Bolombolo to La Pintada) projects.
Medellin’s investment promotion agency ACI (Agencia de Cooperacion e Inversion de Medellin y el Area Metropolitana) on October 20 touted the city’s French connection for a just-launched, road-based tram system as well as two new, related aerial trams.
A new study by the University of Antioquia and University Pontificia Bolivariana (UPB) finds that Antioquia’s COP$12 trillion (US$4 billion) “Prosperity Highways” to be built over the next five years will have a huge impact on economic growth, jobs and freight transport logistics.
Colombia’s national statistics agency (DANE) on October 18 released an analysis showing that Antioquia’s gross domestic product (“PIB” in Spanish initials) grew 7% for all of 2014 – third best in all Colombia and more than one-third greater than the PIB growth in Bogota.
The Antioquia departmental government announced October 14 that contracts have now been finalized for construction of the 9.75-kilometers-long “Toyo Tunnel” project -- part of a crucial highway connection between Medellin and a new freight port being built on the Caribbean coast.