Bogota Metro Route Amended As Peso Price Puts Project At Risk

Bogota Metro Route Amended As Peso Price Puts Project At Risk

Bogota has been forced to reduce the distance covered by its nascent first metro lines as a drop in value of Colombia’s currency drastically increased the production cost in pesos. Mayor Gustavo Petro said in October last year that the project would cost 14.5 trillion pesos, or US$7.5 billion according to the currency exchange at the time.

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