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Italy's Economic Diplomacy, 27 April: latest news from the world



Italy's Economic Diplomacy, 27 April: latest news from the world

​Colombia: Presentation of first metro line project in Bogota'
Colombian Finance Minister, Mauricio Cardenas, and the Mayor of Bogota, Enrique Penalosa, presented the first metro line project for the city, which will run entirely on a raised platform.A cofinancing agreement will ensure that the necessary funds will be available for 30 years. It also allows for loans to complete the design, construction and implementation between 2019 and 2023. The project's confirmed main international financial backers are The Inter-American Development Bank, the World Bank, and the European Investment Bank. Negotiations are also under way with Agence Francaise de Developpement (French Development Agency) and some German banks.The estimated capital cost of the project is 4.3 billion dollars, which includes 644 million dollars allocated by the Municipality of Bogota, 1.1 million dollars from the company that wins the contract, and the remaining 2.5 billion dollars from other financiers.The project involves building a 24 km metro line, to carry three of the nine million inhabitants of metropolitan Bogota. It also includes 16 stations, some of which will be integrated with the Transmillenium Bus Line. Initially the metro line will have 23 trains, rising to 60 once it is fully operational.

Jordan: industrial parks to boost exportsJordan has started a host of projects for productive sites that share a common approach to internationalisation, and integration between technology, higher education and innovative business models. This is to stimulate growth, employment and exports in productive sectors with the highest margin of development. The business accelerator "Shamal Start" is the main project which has been financed by EU funds in the north of the country. The incubator promotes innovative projects and supports SMEs in the Irbid and Mafraq Governorates. A few kilometres from Irbid, "Shamal Start" is committed to support entrepreneurial talen among Jordanian citizens and Syrian refugees hosted in local communities, to create sustainable employment and accelerate the growth of the manufacturing industry and the advanced service sector. The industrial park "Jordan Gateway - Free Zone Industrial Park"  is near Irbid and "Shamal Start", next to the river Jordan. It is the result of a joint Israeli-Jordanian project. It began about six months ago and is designed to establish and develop an industrial park across the river Jordan, with offices in both countries. It will operate in a Free Zone  recognised by both countries. The park will cover 120 hectares in Jordan, and 27 hectares in Israel when fully operational. The building of  a 400 metre-long bridge is well underway. The bridge will have tracks to link the railways systems of Jordan and Israel. So the two sides of the park will be connected ensuring the movement of goods and people. The "Jordan Gateway Park" will contribute to the development of Jordanian industry and promote new trade opportunities with the rest of the world via the trade agreements between the two countries and with other countries.

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