Colombia, to invest $12.7 billion (Sylodium, import export business)

The four pension funds that operate in Colombia will invest $12.7 billion in road infrastructure projects over the next seven years, the president of the Colombian pension funds association said on Wednesday.

The funds, known as AFPs, have usually concentrated their investments in capital markets, including government-issued debt, company shares and telecommunication and energy-sector bonds.

Colombia's private pension fund business is controlled by Scotiabank's Colfondos, Porvenir, GrupoSura's Proteccion and Old Mutual's Skandia, which between them manage almost $79 billion.

Colombia, is Latin America's fourth-largest economy, the investment in road construction will be gradual and the road projects will include bridge and tunnel construction.

 

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