WASHINGTON — The Inter-American Development Bank (IDB) Board of Executive Directors has approved a second individual operation for $530 million under a Conditional Credit Line for Investment Projects (CCLIP) aimed at supporting the development and implementation of the First Line of the Metro of Bogotá (PLMB) in Colombia.
The program will benefit the 2.9 million inhabitants within the PLMB’s area of influence, 96% of whom belong to low- and middle-income households. Thanks to this initiative, residents in Bogotá’s southwestern corridor will improve their access to employment, health, and education opportunities located in the city’s center and north, while also helping reduce environmental pollution.
Over the past 15 years, Bogota’s administrations have prioritized the development of metro lines integrated with the public transportation system, considering them a structural axis of urban mobility.
The new operation for $530 million includes a 23-year amortization period, a 5.5-year grace period, and an interest rate based on SOFR.
About the IDB
The Inter-American Development Bank (IDB), a member of the IDB Group, is devoted to improving lives across Latin America and the Caribbean. Founded in 1959, the Bank works with the region’s public sector to design and enable impactful, innovative solutions for sustainable and inclusive development. Leveraging financing, technical expertise, and knowledge, it promotes growth and well-being in 26 countries. Visit our website: www.iadb.org/en.
Simon, Luis Alejandro
Project Information
Metro of Bogota First Line CCLIP
Second Individual Operation under the CCLIP for the Metro of Bogota First Line
Colombia and The IDB