A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota

The SAVi assessment of Bogota's Sustainable Transport Strategy—comprising the TransMilenio BRT, non-motorized transport (NMT) infrastructure, and the under-construction Metro de Bogota MRT—indicates a cumulative discounted net benefit of USD 12,237 million. While a traditional benefit-cost ratio (BCR) of 0.6 suggests the project is not economically viable based only on tangible costs and revenues, the sustainable BCR (S-BCR) is 4.5 when accounting for wider externalities. The largest added benefit is increased retail revenues around stations (USD 5,941 million), followed by health benefits (USD 2,177 million) and increased property values (USD 1,895 million). The MRT system alone represents an investment of USD 5 billion and is expected to serve 1.05 million passengers daily by 2030.

• The Sustainable Transport Strategy, combining the TransMilenio BRT, NMT infrastructure, and the Metro de Bogota MRT, generates a cumulative discounted net benefit of COP 45,821 billion (USD 12,237 million).
• The assessment reveals a significant discrepancy between traditional and sustainable valuations: a traditional BCR of 0.6 indicates the project is not economically viable, whereas the sustainable BCR (S-BCR), which includes social and environmental externalities, is 4.5.
• The most significant positive impact is the increase in retail revenues near public transport stations, valued at USD 5,941 million. Other major benefits include health improvements from physical activity and reduced pollution (USD 2,177 million) and rising property values (USD 1,895 million), though the latter may increase the cost of living in the city centre.
• The Metro de Bogota MRT system, an automatic and driverless elevated line costing USD 5 billion, is expected to be operational by 2028 and will serve 1.05 million daily passengers, with 80% of the population living within 1 km of a station by 2030.
• The existing TransMilenio BRT system operates 12 lines over 112 kilometres with more than 3,500 buses serving 2.3 million people daily, while the NMT network's 600 kilometres of bicycle paths save approximately 57,000 tonnes of CO2 annually.

APA

International Institute for Sustainable Development (n.d.). A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota. https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia-summary.pdf

Chicago

International Institute for Sustainable Development. A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota. n.d. https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia-summary.pdf.

Wikipedia

{{cite report |author=International Institute for Sustainable Development |title=A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota |url=https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia-summary.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{internationalinstituteforsustainabledevelopmentndsustainable, author = {{International Institute for Sustainable Development}}, title = {{A Sustainable Asset Valuation of the Sustainable Transport Strategy in Bogota}}, institution = {International Institute for Sustainable Development}, url = {https://www.iisd.org/system/files/2024-10/savi-sustainable-transport-strategy-bogota-colombia-summary.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }