Governor Jorge Emilio Rey; the Executive President of the CAF, Sergio Díaz-Granados; and the General Manager of the ICCU, Yesenia Herreño, signed a memorandum of understanding for the structuring and implementation of the Departmental Fund for Neighborhood Roads.
Photo: Government of Cundinamarca
The Government of Cundinamarca took a key step in financing its road infrastructure. In the last few hours, the department signed an agreement with the CAF to create the “Caminos Vecinales” fund.
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This initiative, which will have an investment of $1 billion, will aim to improve 5,000 kilometers of roads in the department. The signature was finalized with the participation of Governor Jorge Emilio Rey; the Executive President of the CAF, Sergio Díaz-Granados; and the General Manager of the Institute of Infrastructure and Concessions of Cundinamarca (ICCU), Yesenia Herreño.
The maneuver is part of a compendium of activities included in the Departmental Development Plan, in which the alliance with various actors is prioritized to finance infrastructure projects of the department. Under this same line, the ICCU, in the company of the community action boards (JAC) of the department, will participate in the execution of the new fund.
The instrument to accompany these actions will consist of a technical guide for intervention on rural roads in the department of Cundinamarca, support in the selection of prioritized roads and the technical and functional precision of prioritized tertiary roads, among others.
CAF will also closely monitor the use of resources. Together with the ICCU and the JAC, they will analyze all road improvement alternatives in which it is viable to invest the fund’s money. In this sense, aspects such as the rolling surface, traffic and weather conditions will be taken into account, using technological tools that provide a multi-criteria evaluation in which technical and socioeconomic components are taken into account.
To begin, a pilot plan will be carried out in which 1,500 kilometers of roads will be prioritized, a process that includes the identification of intervention alternatives, the preparation of the technical guide for works on rural roads in Cundinamarca and socialization and awareness.
“With great expectation I want to inform you that the Departmental Fund for Neighborhood Roads ‘Roads to stay’, which will be a benchmark in the country, is already a reality in Cundinamarca. We will start with the intervention of the first 5,000 kilometers. This is a process that no departmental government had worked on to date. We are excited to begin and thus guarantee the stability of the works, for the benefit of the people of Cundinamarca,” said Governor Jorge Rey.
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