According to a recent Timetric report, Colombia’s Ministry of Transportation will invest US$56 billion in the development of its transport infrastructure until 2021. A growing population and urbanisation rate have spurred the development of the country’s road and energy infrastructure in line with increasing demand. There are plans to expand Colombia’s road network and construct 8000 km of new roads by 2020.
According to the report, infrastructure construction accounted for 52.8% of Colombia’s construction industry in 2012, with a value of US$30.6 billion. This sector is expected to grow at a CAGR of 7.67% between 2013 and 2017.
Colombia produced 880 000 t of grey cement in June, and approximately 5.25 million t in January – June 2013, the latter representing a 2.9% y/y decline. Meanwhile, domestic cement sales fell 1.6% y/y to 864 800 t in June alone, and dropped 1.5% y/y to 5.12 million t in the first six months of the year. The reduced volumes have been attributed to lower commercial sales in spite of a rise in cement sales to construction firms and contractors.