Looking forward to greater growth through potential trade agreements with major international economic powers, Antioquia is working on a range of large-scale developments to boost the region’s infrastructure.
1. Uraba Port Investment: £261m
Improved port infrastructure on Antioquia’s strategic Caribbean coast, only 300km from Medellin, is required to cope with more import and export traffic.
2. Hidroituango Estimated value: £1.63 bn
Planned since 1979, this hydroelectricity project is in the construction phase and will have installed capacity of 2,400 MW once complete.
3. Eastern Tunnel Investment: £145m
An 8.3-km tunnel heading east from the Valle de Aburra, the Eastern Tunnel will offer fast transport between Medellin and its international airport.
4. Technology Park Investment: unknown
This technology park, located near Medellin and the international airport, will be a hub for foreign investors looking to establish innovation and technology-based businesses.
Source: Antioquia Development Plan 2008-2011, Megaprojects Presentation
