Colombia’s national government will set up a fund to back infrastructure development, Bloomberg reports. The fund will manage part of the profits from state-run transmission company, ISA and state-controlled oil company, Ecopetrol.

State-owned export-import bank, Bancóldex, will oversee the fund. The fund, which will be used to guarantee the full financing required for the construction of the Las Américas highway, may co-finance the Autopista de la Montaña highway and the Llanos Orientales road.

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