One area where foreign companies aren't happy with Colombia.
BY CHRONICLE STAFF
Colombia’s infrastructure is generally better than its regional neighbors, but foreign companies see it as one of the key challenges they face when doing business in the South American country.
Colombia ranks third (after Chile and Brazil) on the Infrastructure Private Investment Attractiveness Index (IPIAI) released by the Swiss-based World Economic Forum last month. Meanwhile, a survey from CG/LA Infrastructure last year on infrastructure competitiveness in 23 Latin American countries ranks Colombia second in Latin America after Chile.
However, foreign investors are not content with Colombia’s infrastructure level. “This country has to move faster with new airports, new seaports and new roads,” says Jaime Ramirez, vice president of the Andean Region at U.S. tool manufacturer Black & Decker. “Colombia needs to improve on this.”
Herman Weiss, Latin America zone manager for U.S. insurance provider Chubb, agrees. He mentions the need to improve the road, rail and airport...