Infrastructure and construction

Over the last five years the size of the construction sector grew at an average rate of 16.8% per year, well above the average growth in the region, which was 10.2%. The construction industry in Colombia is the third largest in Latin America. In 2014, the government almost doubled the investment budget for infrastructure projects, reaching a budget of over $6,500 million dollar. Moreover the government has also started a project to build 1 million new homes in 2014 to address the national housing shortage. (Source: