Objective
Revitalize and modernize the Pacific Corridor by connecting Buenaventura with the Central Railway Corridor through a competitive rail system that reduces logistics times and costs.
Key Goals
- Complete ongoing prefeasibility studies.
- Initiate and complete feasibility studies estimated at COP 40,000 million.
- Structure the project under a PPP scheme.
- Identify potential private investors with experience in railway projects.
Market Opportunity
Reliance on the road transport system has limited competitiveness in the Pacific region. Rail reactivation offers advantages in integration with the Port of Buenaventura, logistics cost reduction, and strengthened export competitiveness.
ESG Considerations
Environmental: Lower carbon footprint compared to road transport; contribution to transport decarbonization.
Social: Job creation and strengthening of logistics and production chains.
Governance: Compliance with CONPES, DNP, and MHCP frameworks; coordination with regional authorities and the private sector.