The Metro company after signing the Co-financing Agreement for Line 2 of the Underground Metro asked the Council of Bogotá to approve a debt quota of $9.4 billion, to be able to open the bidding process to contract the execution of that work, with which the company will bring to present the future validity provided by the Nation in such a way that the contracting process and execution of the second line is supported.
This same procedure was carried out by the Bogotá Metro Company for, at the time, the contracting of the first metro line.
“It is important to clarify that this request from the Bogotá Metro Company in no way affects or increases the debt of the district administration or affects the medium-term fiscal framework.”, assured the company in a statement.
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The Metro company added that it currently has an approved debt quota through Agreement 699 of 2018 for the PLMB for $10.8 billionwhich it will continue to use to finance this project.
Of that initial amount, $8.9 trillion is still available for 2021, after the signing of three credit contracts with banks for more than $568 billion.
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