A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota, Colombia

The report applies the SAVi methodology to analyze two scenarios for Bogota's transport infrastructure: a current scenario (20102022) focusing on BRT and NMT, and a future scenario (20102058) including the MRT system. The analysis finds that while conventional benefit-cost ratios (BCR) are low (0.3 to 0.6), the sustainable BCR (S-BCR), which incorporates externalities like health, retail revenues, and CO2 emissions, is significantly higher (3.8 to 6.1). The most substantial added benefits are identified as retail revenues and property value increases, while the only negative value is the time lost due to increased walking and cycling. The report concludes that the strategy is an attractive investment that improves quality of life and supports climate targets.

• The Sustainable Transport Strategy in Bogota yields positive net results in both analyzed scenarios, making it an attractive investment for Colombia. The current sustainable transport scenario (20102022) shows cumulative discounted net results between COP 21,551 billion (low estimate) and COP 23,138 billion (high estimate). The future sustainable transport scenario (20102058) shows cumulative discounted benefits between COP 36,379 billion (high estimate) and COP 45,821 billion (low estimate).
• There is a significant disparity between conventional and sustainable benefit-cost ratios. The conventional BCR, based only on tangible parameters like investment costs and revenues, is 0.3 for the current scenario and 0.6 for the future scenario. In contrast, the sustainable BCR (S-BCR), which includes a full range of economic, social, and environmental impacts, is 5.8 to 6.1 for the current scenario and 3.8 to 4.5 for the future scenario.

APA

Kapetanakis, M., Niño, N., Casier, L., & Bassi, A. M. (2024). A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota, Colombia. International Institute for Sustainable Development. https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia.pdf

Chicago

Kapetanakis, Michail, Nathalia Niño, Liesbeth Casier, and Andrea M. Bassi. A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota, Colombia. International Institute for Sustainable Development, 2024. https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia.pdf.

Wikipedia

{{cite report |last1=Kapetanakis |first1=Michail |last2=Niño |first2=Nathalia |last3=Casier |first3=Liesbeth |last4=Bassi |first4=Andrea M. |title=A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota, Colombia |publisher=International Institute for Sustainable Development |date=March 2024 |url=https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{kapetanakis2024sustainable, author = {Kapetanakis, Michail and Niño, Nathalia and Casier, Liesbeth and Bassi, Andrea M.}, title = {{A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota, Colombia}}, institution = {International Institute for Sustainable Development}, year = {2024}, month = mar, url = {https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }