The Inter-American Development Bank (IDB) approved a loan for $105 million to Colombia to continue a program to modernize public transport in the city of Cali.
The funding will support investments in the municipal transport company Metro Vancouver to expand Masivo Integrado de Occidente (MIO), a public transport system based on the use of buses in dedicated and preferential lanes. The Bank helped finance the program’s initial stage with a loan for $200 million approved in 2005.
The program aims to continue improving the quality of service for MIO and extending access to 100 percent of the population. The improvements will help reduce travel times, traffic accidents, and traffic congestion.
As part of the program, main corridors will be completed and paved, and MIO feeder corridors, stations, bridges, crossings, bike paths, and signage will be improved.
In addition, 10 hectares of public space will be rehabilitated and pollution will be reduced, which will eliminate annual greenhouse gas emissions equivalent to 270,000 tons of carbon dioxide.