BOGOTA, Nov 1 (Reuters) - The board of directors of the Inter-American Development Bank (IDB) on Wednesday approved a $415 million credit line, with an initial disbursement of $50 million, to finance Bogota's second metro line, the Colombian capital's mayor said. The underground Line 2 will connect to the city's west, said Mayor Claudia Lopez, who finishes her term this year after overseeing initial construction on Bogota's long-awaited first metro line. At a price tag of 34.9 trillion Colombian pesos ($8.5 billion), Line 2 is expected to benefit nearly 2.5 million inhabitants and stretch 15.5 kilometers (9.63 miles) connecting 11 stations. The first line's total cost is estimated at 13.8 trillion pesos. ($1 = 4,108.40 Colombian pesos) (Reporting by Luis Jaime Acosta; Editing by Sandra Maler)

Source: Metro November 02, 2023 07:33 UTC