Support to the Bogota Metro Line 1 Project - Series 2

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The proposed operation is the second in a two-loan Series of Projects (SOP2) supporting the completion of the Bogota Metro Line 1 (L1). L1 is a 24-kilometer elevated metro line with 16 stations, a railyard depot, the 72nd Street underpass, and comprehensive urban renewal works along the alignment, including public space, sidewalks, utility networks, BRT lanes and stations, bicycle infrastructure, and landscaping, as defined in the Design-Finance-Build-Operate-Maintain-Transfer (DFBOMT) Concession Contract. L1’s Area of Influence comprise the 838.7 hectares encompassing the alignment of the project’s 23 km of viaduct, starting on the El Corso railyards and finishing in Avenida Caracas - Calle 72, its 16 stations, railyards, and public space in direct proximity to the viaduct, including bus rapid transit infrastructure along the Caracas Ave (Calle 3- Calle 72). The area of influence is equivalent to the socioeconomic influence area determined in the L1 structuring studies.The Concession Contract defines 597 execution units (EUs), of which 31 were completed under SOP1. SOP1 financed the civil works for the railyards, 72nd Street underpass, foundations, and rolling stock tests, as well as the works supervision contract and preparatory studies. SOP2 will finance completion of the remaining 566 EUs, covering the viaduct, stations, rolling stock and systems, BRT lanes and stations, and public space and ancillary works under the concession.The overall SOP program aims to reduce greenhouse gas and local pollutant emissions from transport and increase access to jobs, health, and education facilities—particularly for low-income residents in L1’s area of influence, which encompasses nearly three million inhabitants. The first operation, SOP1 (P165300), approved on August 2, 2018, provided a US$70 million IBRD loan for early civil works and project preparation. The total capital cost of L1 is estimated at US$5.79 billion, co-financed by the Inter-American Development Bank (IDB) and the European Investment Bank (EIB), with a MIGA credit enhancement guarantee supporting Bogota’s financial commitments under the PPP arrangement.The Bogota Metro Line 1 is under advanced implementation and progressing on track toward completion. As of September 2025, civil works have achieved 62.6 percent physical progress, with commercial operations expected by mid-2028. Once operational, the line will connect the densely populated southwestern districts with the city’s Central Business District (CBD). Ten stations will feature direct integration with the TransMilenio BRT network, and station-area plans will promote land value capture mechanisms to catalyze densification and redevelopment of about one million square meters, enhancing the project’s long-term financial sustainability.Implementation arrangements build on those established under SOP1. The Empresa Metro de Bogota (EMB) acts as the Borrower and Implementing Agency, responsible for overall project management, fiduciary administration, and coordination with other executing entities, including the Inter-American Development Bank (IDB) and European Investment Bank (EIB). EMB operates under a fiduciary mandate with Fiduciaria Bancolombia S.A. (FiduColombia) and is supported by an independent supervision firm (interventoria) and a Project Management Office (PMO) to oversee technical, financial, and risk management aspects. Procurement follows an Alternative Procurement Arrangement (APA) under IDB procedures, while project supervision, reporting, and safeguards compliance are governed by a joint Project Operations Manual (POM) and Principles of Collaboration (PoC) among the MDBs.