The Urban Development Institute (IDU) and the Latin American Development Bank (CAF) have signed a technical cooperation agreement to strengthen the planning of mobility and public space projects in Bogotá. The deal includes US$562,000 in resources to enhance the IDU's technical and institutional capacities, aiming to reduce delays in infrastructure works. This initiative is part of the Mayor's Office of Bogotá's strategy to modernize urban management.
The Urban Development Institute (IDU) and the Latin American Development Bank (CAF) recently signed a technical cooperation agreement focused on optimizing the structuring of mobility and public space projects in Bogotá. This deal, which includes US$562,000 in funding, aims to bolster the IDU's technical and institutional capacities to improve the quality of civil works planning and minimize delays that have affected several infrastructure projects in the city.
The partnership aligns with the Mayor's Office of Bogotá's long-term vision for organizing and modernizing urban development. Orlando Molano, IDU director, emphasized the agreement's significance at the signing: “We signed an agreement that will allow us, with CAF, to have a partnership that will help in the development of our city. Mayor Carlos Fernando Galán has instructed us to seek alternatives and alliances like this, thinking of a city projected 50 and 100 years ahead”.
The cooperation program is structured around five key components: reviewing national and international best practices, analyzing budget models, and adopting new management schemes for the technical preparation of road and public space works. Rodrigo Peñailillo, CAF's representative in Colombia, praised the deal as an opportunity to enhance residents' quality of life: “It will strengthen the IDU's own capacities in project structuring and institutional strengthening. The resources will enable future works to be carried out with better time management and higher quality”.
Lasting one and a half years, the agreement prioritizes the planning stage to prevent adjustments and delays during project execution, contributing to more efficient urban infrastructure management in the capital.