Bogota Metro Begin Land Acquisition and Prepare For June 2015 Tender

Bogota Metro Begin Land Acquisition and Prepare For June 2015 Tender

The District Administration of Bogota confirmed on Friday that the process to construct the capital’s first metro line is progressing on schedule, and that in April they begin work on purchasing the land necessary for the 27 station project ahead of the proposed June 2015 project tender.

William Camargo, director of the Institute of Urban Development (IDU), explained that visits to the area where the facilities will be constructed have begun and information is being gathered in regards to property tax.

“There are about 950 properties and the estimated cost we have to date is 850,000 million pesos, which we will be evaluated precisely with the valuations assigned by the District Land Registry”, Camargo outlined.

Furthermore, the director of the IDU noted that signed agreements were already in place between the organisation and the Bogota National Power Company.

“Together we are currently elaborating upon the structured finance and construction of terms of reference for the construction tender”, William Camacho explained.

According to current plans, the first line will run for 27 kilometres from El Tintal in Kennedy to 127 Street in Usaquén.

You can download the official plans of the project here.