Financial closure by Chinese company delays the design of the Bogotá subway system

As reported by the Colombian radio program “W Radio,” uncertainty exists regarding the delivery deadlines for the Bogotá subway system, as a result of the failure of the APCA Transmetro consortium to meet the deadlines for financial closure.

VI China-Colombia Dialogue

The VI China-Colombia Dialogue took place on November 17 in Bogota. The event was attended by the Colombian Ambassador to China, Sergio Cabrera, and his Chinese counterpart, Lan Hu.

Colombian Foreign Minister met with the Special Representative of the Chinese Government for Latin America and the Caribbean Affairs

Álvaro Leyva, Colombia’s Minister of Foreign Affairs, met with Qiu Xiaoqi, Special Representative of the Chinese Government for Latin American and Caribbean Affairs, on November 18.

Chinese consortium signs agreement with Canacol Energy to build gas pipeline

Shanghai Engineering and Technology Corp (Setco) and Canacol Energy signed an agreement to build a gas pipeline, in the Department of Antioquia (Colombia).

Chinese incursion into Colombian infrastructure

This month has brought a high level of activity in the development of PRC companies in Colombia.

Growing presence of the People’s Republic of China in Latin America

China’s (PRC) great commitment in the last decade has been of great importance, the Asian country saw a great opportunity in the region and has pushed to maintain an important presence.

Construction begins on the RegioTram

The Department of Cundinamarca’s Governor’s Office issued a communiqué announcing that construction work on the RegioTram de Occidente began on June 23.

Sinovac to build a vaccine production plant in Bogota, Colombia

The Chinese biopharmaceutical company, Sinovac, will allocate US$100 million for the construction of a vaccine production plant, which is part of a ten-year project that will begin in 2023.

Justo & Bueno in Colombia will close stores after not receiving resources from Chinese firm to pay off debts

The discount and low-cost chain Justo & Bueno was awaiting a financial injection from the Chinese firm JF Capital. However, on the evening of May 10, the Justo & Bueno chain informed that it regretted that the new owners had not been able to meet the agreed deadlines.

Chinese firm JF Capital International has bought the Justo & Bueno chain

The shareholding of the retail company Justo & Bueno (J&B) was purchased by the Chinese conglomerate Joining Futures Capital International Limited. The news of the purchase was made official last Thursday, April 19, following the supermarket company’s financial crisis that began in 2021.

Next Page »