With final passage of the Royalties Law today, Colombia expects to disburse each year approximately $5 billion derived from mineral and oil extraction within its territory.  It is expected/hoped that this reform will provide the necessary funding for the major infrastructure, public utilities and rural development projects required throughout the Colombian territory, as well as the capital required for the scientific, technological and innovation investments that will allow Colombia to increase its competitiveness.

U.S. businesses should keep their eyes open for opportunities to partner with Colombian public and private entities that are involved in these projects, from both a contractor and sub-contractor view.