Support to the Bogota Metro Line 2 Project (Series 1)

dropped

The proposed project will support the construction of the first phase of the Bogota Metro Line 2 project, a 15.5 km metro line with 11 stations, 14.5 km underground, and 1 km elevated section. The first phase will encompass the construction of the railyards-workshop area; however, the ESRS comprises the full extent of the Project, which will be financed through a second lending operation. The alignment transcurs along the densely urbanized boroughs of Suba and Engativa, bordering the Juan Amarillo wetlands (humedal) and heading to Calle 72, in Bogota's CBD, connecting directly with the northernmost station of the Bank-financed Metro Line 1 project (under construction). Three of the 11 metro stations will be integrated into the Transmilenio network. As of October 2022, the Bogota Metro Company (EMB, in Spanish), through Colombia's Financiera de Desarrollo Nacional (FDN, a state-owned development bank), has completed the technical, financial, and legal structuring (feasibility) of the metro line, which will be contracted through a design-finance-build-operate-maintain-transfer (DFBOMT) concession, similar to the one awarded for Metro Line 1. EMB has carried out the prequalification stage of the bidding of the DFBOMT concession in between May and September 2023. The structuring carried out by FDN produced basic engineering designs for the technical specifications on the bidding document and includes geotechnical analysis with more than 11,000 meters of soil sampling. The financial and legal structuring have produced recommendations for the financial closure of the project, the transaction model, and the bidding documents. The bidding incorporates rated criteria to minimize risks, attract highly qualified suppliers and maximize value for money. The bidding process is expected to award the DFBOMT concession by April 2024, with early interventions to adapt the terrain of the patio/depot, to transfer public services networks, and advance the land acquisition and resettlement needs over 2024-2025, concurrent with the development of the detailed final engineering designs (issued for construction). Construction is foreseen to take place between 2027 and 2032. When in operation, peak hour ridership is estimated at around 35,000 passengers per hour per direction (pphpd) during the first year of operation, increasing to 45,000 pphpd by 2052. The reduction in CO2 emissions due to modal shift from private internal combustion vehicles (two and four-wheelers) and diesel public transport buses is estimated at more than 29,892 average tons per year during the 30 years of operation, compared to emissions from mobile sources in a scenario without the project. These environmental benefits resulting from the implementation of L2MB represent a total of US$975 million throughout the 30-year period of the project.