Medellín Metro News 134
Medellin’s world-famous “Metro” transit system – featuring electric railcars, electric roadway trams, electric aerial tramways carrying passengers up steep mountainsides, natural-gas-powered bus rapid transit (BRT) systems and free bicycles adjacent to Metro stations – mobilized 258 million passengers in 2015, up 9.8% year-on-year.
The U.S. Agency for International Development (USAID) announced March 4 the launch of “Oro Legal” projects aiming to promote environmentally and socially responsible gold mining in Antioquia and Chocó departments.
A US$260 million bond float successfully organized by U.S.-based Goldman Sachs represents a big boost for Colombia’s massive “fourth generation” (4G) highway construction projects, which aim to overcome decades of logistical isolation from world markets.
Toronto-based PharmaCielo announced February 3 that it has petitioned Colombia’s Ministry of Health and the National Council on Narcotics for rights to build a marijuana farm and cannabis extract plant in the Medellin suburb of Rionegro, Antioquia.
Colombia’s national infrastructure development agency (ANI) announced in late January that progress is being made on crucial “fourth generation” (4G) highway projects (totaling COP$12 trillion/US$3.5 billion) in Antioquia, as well as the just-approved “Port Antioquia” ocean freight project.
Colombia’s national infrastructure agency (ANI in Spanish initials) announced January 26 that financial close has now been achieved for the COP$1.1 trillion (US$324.8 million) “Autopista 4G Conexion Norte” highway project linking Medellin north-eastward to Atlantic coast highways.
The latest consumer-generated survey results compiled by global database analyst Numbeo find that Medellin is a relative bargain compared to other major cities in South America, while Medellin’s health-care system quality is ranked best in all of the Americas.
Medellin-based electric power producer Isagen announced January 13 that a consortium led by a subsidiary of Toronto, Canada-based Brookfield Asset Management (BAM) paid COP$6.49 trillion (US$2.2 billion) for the Colombian government’s remaining 57% stake in Isagen.
U.S.-based bond rater Fitch announced December 21 that it has affirmed a “stable” outlook for Medellin’s public debt.
