La infraestructura en Colombia observa el retroceso más profundo en dos décadas

TL;DR

Colombia's infrastructure sector has seen its largest decline in over twenty years.
Civil construction is 28% below pre-pandemic levels, with road projects critically lagging by 44%.
Factors contributing to the decline include incomplete transitions between 4G and 5G concessions, low public execution, and institutional uncertainty.
Historically, infrastructure investment has generated significant additional production, wages, and tax revenue.
Despite past successes with APP (Public-Private Partnership) models, recent progress on 5G concessions and the National Development Plan has been slow.
The "Caminos Comunitarios de la Paz Total" program shows only 26% advancement.
Invías, a major investment body, has only executed an average of 50% of its budget.
Increased financing costs (11% to 17%) and high inflation in construction materials have impacted project viability.
The primary risk is identified as institutional, including threats to future guarantees and delays in toll adjustments, jeopardizing concession sustainability.
Regional projects, such as the Bogotá Metro and Antioquia's Túnel del Toyo, demonstrate stronger progress.
Recommendations for recovery include restoring contractual stability, protecting the APP model, ensuring future guarantees, and complying with tariff adjustments.
Future investment levels are not expected to recover past decade's highs even in optimistic scenarios.

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