On November 1, 2023 the IDB approved the Bogotá Metro Line 2 (L2MB) Project. L2MB is intended to develop a robust public transport system in Bogotá. According to IDB project documents, the general objective is to “improve mobility in the city of Bogotá by incentivizing the use of public transportation and urban development. The specific objectives are: (i) to improve the quality of transportation services; and (ii) to improve air quality for inhabitants in the area of influence of L2MB.” Under this project, the IDB will finance the construction of a 15.5 km metro with 11 stations and a fleet of around 25 electric trains. The project has two components: (i) civil works, which includes constructing the tunnel, stations, and public spaces; and (ii) project management. The L2MB will focus on improving connectivity between the northeast and northwest, and it is expected to be integrated with other public transport networks in Bogotá. This operation will be co-financed by the World Bank, European Investment Bank (EIB), and Banco de Desarrollo de América Latina (CAF), and is also expected to be financed by the private sector.