[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fWJDsHAQ6CLoVvTVD9A3h5b3OQINtZN4Lgf5KRFFTPPo":3,"$fTe5HE0Z1vo2J86ZJWWdF8KMsEsay4hhvzos2gbGNccM":40,"$f_iPoKLJTmna0hysc3JyPQYvKVRe6ciD7LTGcnXYUH3Q":941,"$fxKI3wgsK5YFWsW8CqlK8XKfsokf8t2pBfqrrg-mU-F0":1446,"$fp68hrMLSAJv7mcNXQMg9VWYpfosTWfsdtoH90OP7mmg":1543},[4,24],{"id":5,"title":6,"color":7,"videoPlaylistUrl":8,"translations":9},3,"Infrastructure","#6DAAB4",null,[10,14,19],{"title":6,"slug":11,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":12},"infrastructure",{"code":13},"en",{"title":15,"slug":16,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":17},"Infraestrutura","infraestrutura",{"code":18},"pt-BR",{"title":20,"slug":21,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":22},"Infraestructura","infraestructura",{"code":23},"es",{"id":25,"title":26,"color":27,"videoPlaylistUrl":8,"translations":28},2,"Real Estate","#752964",[29,32,36],{"title":26,"slug":30,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":31},"real-estate",{"code":13},{"title":33,"slug":34,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":35},"Mercado Inmobiliario","mercado-inmobiliario",{"code":23},{"title":37,"slug":38,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"language":39},"Mercado Imobiliário","mercado-imobiliario",{"code":18},[41,44,48,52,56,60,64,68,72,76,80,84,88,92,96,100,104,108,112,116,119,123,127,131,135,139,143,147,151,155,158,162,166,169,173,176,180,184,188,192,196,200,203,207,211,215,219,222,225,228,231,235,239,243,247,251,255,259,263,266,270,274,278,282,285,289,292,295,298,302,306,310,314,318,321,325,328,332,335,337,340,344,347,350,354,357,361,365,369,373,377,380,384,388,392,396,400,404,407,409,413,417,420,424,428,431,435,439,443,446,450,453,457,460,464,467,471,474,477,481,485,488,491,495,499,503,506,510,513,517,521,525,529,533,536,540,544,547,551,553,556,560,562,565,568,572,576,580,584,588,591,595,598,602,605,609,612,616,619,623,626,630,633,636,640,643,646,649,653,656,659,662,666,670,674,677,680,683,687,691,694,698,700,703,706,710,713,717,721,725,728,732,735,738,741,745,748,752,755,758,762,765,767,771,775,779,783,786,789,792,795,798,800,803,807,811,813,817,820,822,826,830,834,838,841,845,848,851,854,858,861,864,868,871,874,877,881,884,886,889,891,895,899,903,906,909,913,916,918,921,925,927,931,935,937],{"id":5,"name":42,"phoneCode":43},"Afghanistan",93,{"id":45,"name":46,"phoneCode":47},189,"Åland Islands",1,{"id":49,"name":50,"phoneCode":51},4,"Albania",355,{"id":53,"name":54,"phoneCode":55},44,"Algeria",213,{"id":57,"name":58,"phoneCode":59},187,"American Samoa",1684,{"id":61,"name":62,"phoneCode":63},182,"Andorra",376,{"id":65,"name":66,"phoneCode":67},6,"Angola",244,{"id":69,"name":70,"phoneCode":71},184,"Anguilla",1264,{"id":73,"name":74,"phoneCode":75},186,"Antartica",672,{"id":77,"name":78,"phoneCode":79},183,"Antigua and Barbuda",1268,{"id":81,"name":82,"phoneCode":83},7,"Argentina",54,{"id":85,"name":86,"phoneCode":87},5,"Armenia",374,{"id":89,"name":90,"phoneCode":91},188,"Aruba",297,{"id":93,"name":94,"phoneCode":95},9,"Australia",61,{"id":97,"name":98,"phoneCode":99},8,"Austria",43,{"id":101,"name":102,"phoneCode":103},10,"Azerbaijan",994,{"id":105,"name":106,"phoneCode":107},21,"Bahamas",1242,{"id":109,"name":110,"phoneCode":111},191,"Bahrain",973,{"id":113,"name":114,"phoneCode":115},204,"Bailiwick of Guernsey",0,{"id":117,"name":118,"phoneCode":115},212,"Bailiwick of Jersey",{"id":120,"name":121,"phoneCode":122},12,"Bangladesh",880,{"id":124,"name":125,"phoneCode":126},190,"Barbados",1246,{"id":128,"name":129,"phoneCode":130},13,"Belgium",32,{"id":132,"name":133,"phoneCode":134},25,"Belize",501,{"id":136,"name":137,"phoneCode":138},17,"Benin",229,{"id":140,"name":141,"phoneCode":142},193,"Bermuda",1441,{"id":144,"name":145,"phoneCode":146},22,"Bhutan",975,{"id":148,"name":149,"phoneCode":150},19,"Bolivia",591,{"id":152,"name":153,"phoneCode":154},185,"Bonaire",599,{"id":156,"name":157,"phoneCode":154},256,"Bonaire, Sint Eustatius and Saba",{"id":159,"name":160,"phoneCode":161},11,"Bosna i Hercegovina",387,{"id":163,"name":164,"phoneCode":165},23,"Botswana",267,{"id":167,"name":168,"phoneCode":115},194,"Bouvet Island",{"id":170,"name":171,"phoneCode":172},20,"Brazil",55,{"id":174,"name":175,"phoneCode":47},211,"British Indian Ocean Territory",{"id":177,"name":178,"phoneCode":179},18,"Brunei",673,{"id":181,"name":182,"phoneCode":183},15,"Bulgaria",359,{"id":185,"name":186,"phoneCode":187},14,"Burkina Faso",226,{"id":189,"name":190,"phoneCode":191},16,"Burundi",257,{"id":193,"name":194,"phoneCode":195},86,"Cambodia",855,{"id":197,"name":198,"phoneCode":199},33,"Cameroon",237,{"id":201,"name":202,"phoneCode":47},26,"Canada",{"id":204,"name":205,"phoneCode":206},197,"Cape Verde",238,{"id":208,"name":209,"phoneCode":210},216,"Cayman Islands",1345,{"id":212,"name":213,"phoneCode":214},28,"Central African Rep.",236,{"id":216,"name":217,"phoneCode":218},155,"Chad",235,{"id":130,"name":220,"phoneCode":221},"Chile",56,{"id":223,"name":224,"phoneCode":193},34,"China",{"id":226,"name":227,"phoneCode":95},198,"Christmas Island",{"id":229,"name":230,"phoneCode":95},195,"Cocos (Keeling) Islands",{"id":232,"name":233,"phoneCode":234},35,"Colombia",57,{"id":236,"name":237,"phoneCode":238},214,"Comoros",269,{"id":240,"name":241,"phoneCode":242},29,"Congo",242,{"id":244,"name":245,"phoneCode":246},196,"Cook Islands",682,{"id":248,"name":249,"phoneCode":250},36,"Costa Rica",506,{"id":252,"name":253,"phoneCode":254},31,"Côte d`Ivoire",225,{"id":256,"name":257,"phoneCode":258},70,"Croatia",385,{"id":260,"name":261,"phoneCode":262},37,"Cuba",53,{"id":264,"name":265,"phoneCode":47},253,"Curaçao",{"id":267,"name":268,"phoneCode":269},38,"Cyprus",357,{"id":271,"name":272,"phoneCode":273},39,"Czech Rep.",420,{"id":275,"name":276,"phoneCode":277},27,"Dem. Rep. Congo",243,{"id":279,"name":280,"phoneCode":281},42,"Denmark",45,{"id":283,"name":284,"phoneCode":264},41,"Djibouti",{"id":286,"name":287,"phoneCode":288},199,"Dominica",1767,{"id":99,"name":290,"phoneCode":291},"Dominican Republic",1809,{"id":281,"name":293,"phoneCode":294},"Ecuador",593,{"id":296,"name":297,"phoneCode":170},47,"Egypt",{"id":299,"name":300,"phoneCode":301},152,"El Salvador",503,{"id":303,"name":304,"phoneCode":305},63,"Eq. Guinea",240,{"id":307,"name":308,"phoneCode":309},49,"Eritrea",291,{"id":311,"name":312,"phoneCode":313},46,"Estonia",372,{"id":315,"name":316,"phoneCode":317},51,"Ethiopia",251,{"id":83,"name":319,"phoneCode":320},"Falkland Is.",500,{"id":322,"name":323,"phoneCode":324},201,"Faroe Islands",298,{"id":262,"name":326,"phoneCode":327},"Fiji",679,{"id":329,"name":330,"phoneCode":331},52,"Finland",358,{"id":333,"name":334,"phoneCode":115},156,"Fr. S. Antarctic Lands",{"id":172,"name":336,"phoneCode":197},"France",{"id":338,"name":339,"phoneCode":47},203,"French Guiana",{"id":341,"name":342,"phoneCode":343},231,"French Polynesia",689,{"id":221,"name":345,"phoneCode":346},"Gabon",241,{"id":95,"name":348,"phoneCode":349},"Gambia",220,{"id":351,"name":352,"phoneCode":353},58,"Georgia",995,{"id":355,"name":356,"phoneCode":307},40,"Germany",{"id":358,"name":359,"phoneCode":360},59,"Ghana",233,{"id":362,"name":363,"phoneCode":364},205,"Gibraltar",350,{"id":366,"name":367,"phoneCode":368},64,"Greece",30,{"id":370,"name":371,"phoneCode":372},60,"Greenland",299,{"id":374,"name":375,"phoneCode":376},202,"Grenada",1473,{"id":378,"name":379,"phoneCode":115},206,"Guadeloupe",{"id":381,"name":382,"phoneCode":383},208,"Guam",1671,{"id":385,"name":386,"phoneCode":387},65,"Guatemala",502,{"id":389,"name":390,"phoneCode":391},62,"Guinea",224,{"id":393,"name":394,"phoneCode":395},66,"Guinea-Bissau",245,{"id":397,"name":398,"phoneCode":399},67,"Guyana",592,{"id":401,"name":402,"phoneCode":403},71,"Haiti",509,{"id":405,"name":406,"phoneCode":115},209,"Heard and Mc Donald Islands",{"id":395,"name":408,"phoneCode":271},"Holy See (Vatican City State)",{"id":410,"name":411,"phoneCode":412},69,"Honduras",504,{"id":414,"name":415,"phoneCode":416},68,"Hong Kong",852,{"id":418,"name":419,"phoneCode":248},72,"Hungary",{"id":421,"name":422,"phoneCode":423},79,"Iceland",354,{"id":425,"name":426,"phoneCode":427},76,"India",91,{"id":429,"name":430,"phoneCode":389},73,"Indonesia",{"id":432,"name":433,"phoneCode":434},78,"Iran",98,{"id":436,"name":437,"phoneCode":438},77,"Iraq",964,{"id":440,"name":441,"phoneCode":442},74,"Ireland",353,{"id":444,"name":445,"phoneCode":53},210,"Isle of Man",{"id":447,"name":448,"phoneCode":449},75,"Israel",972,{"id":451,"name":452,"phoneCode":271},80,"Italy",{"id":454,"name":455,"phoneCode":456},81,"Jamaica",1876,{"id":458,"name":459,"phoneCode":454},83,"Japan",{"id":461,"name":462,"phoneCode":463},82,"Jordan",962,{"id":465,"name":466,"phoneCode":81},90,"Kazakhstan",{"id":468,"name":469,"phoneCode":470},84,"Kenya",254,{"id":55,"name":472,"phoneCode":473},"Kiribati",686,{"id":475,"name":476,"phoneCode":47},176,"Kosovo",{"id":478,"name":479,"phoneCode":480},89,"Kuwait",965,{"id":482,"name":483,"phoneCode":484},85,"Kyrgyzstan",996,{"id":427,"name":486,"phoneCode":487},"Laos",856,{"id":434,"name":489,"phoneCode":490},"Latvia",371,{"id":492,"name":493,"phoneCode":494},92,"Lebanon",961,{"id":496,"name":497,"phoneCode":498},95,"Lesotho",266,{"id":500,"name":501,"phoneCode":502},97,"Lëtzebuerg",352,{"id":504,"name":505,"phoneCode":341},94,"Liberia",{"id":507,"name":508,"phoneCode":509},99,"Libya",218,{"id":509,"name":511,"phoneCode":512},"Liechtenstein",423,{"id":514,"name":515,"phoneCode":516},96,"Lithuania",370,{"id":518,"name":519,"phoneCode":520},222,"Macau",853,{"id":522,"name":523,"phoneCode":524},104,"Macedonia",389,{"id":526,"name":527,"phoneCode":528},103,"Madagascar",261,{"id":530,"name":531,"phoneCode":532},110,"Malawi",265,{"id":534,"name":535,"phoneCode":370},112,"Malaysia",{"id":537,"name":538,"phoneCode":539},227,"Maldives",960,{"id":541,"name":542,"phoneCode":543},105,"Mali",223,{"id":254,"name":545,"phoneCode":546},"Malta",356,{"id":548,"name":549,"phoneCode":550},221,"Marshall Islands",692,{"id":391,"name":552,"phoneCode":47},"Martinique",{"id":554,"name":555,"phoneCode":518},108,"Mauritania",{"id":557,"name":558,"phoneCode":559},109,"Mauritius",1664,{"id":187,"name":558,"phoneCode":561},230,{"id":317,"name":563,"phoneCode":564},"Mayotte",262,{"id":566,"name":567,"phoneCode":329},111,"Mexico",{"id":569,"name":570,"phoneCode":571},200,"Micronesia, Federated States of",691,{"id":573,"name":574,"phoneCode":575},101,"Moldova",373,{"id":577,"name":578,"phoneCode":579},219,"Monaco",377,{"id":581,"name":582,"phoneCode":583},107,"Mongolia",976,{"id":585,"name":586,"phoneCode":587},102,"Montenegro",382,{"id":589,"name":590,"phoneCode":117},100,"Morocco",{"id":592,"name":593,"phoneCode":594},113,"Mozambique",258,{"id":596,"name":597,"phoneCode":496},106,"Myanmar",{"id":599,"name":600,"phoneCode":601},114,"Namibia",264,{"id":138,"name":603,"phoneCode":604},"Nauru",674,{"id":606,"name":607,"phoneCode":608},121,"Nepal",977,{"id":610,"name":611,"phoneCode":252},119,"Netherlands",{"id":613,"name":614,"phoneCode":615},115,"New Caledonia",687,{"id":617,"name":618,"phoneCode":366},122,"New Zealand",{"id":620,"name":621,"phoneCode":622},118,"Nicaragua",505,{"id":624,"name":625,"phoneCode":537},116,"Niger",{"id":627,"name":628,"phoneCode":629},117,"Nigeria",234,{"id":561,"name":631,"phoneCode":632},"Niue",683,{"id":634,"name":635,"phoneCode":47},228,"Norfolk Island",{"id":637,"name":638,"phoneCode":639},87,"North Korea",850,{"id":641,"name":642,"phoneCode":47},175,"Northern Cyprus",{"id":543,"name":644,"phoneCode":645},"Northern Mariana Islands",1670,{"id":647,"name":648,"phoneCode":296},120,"Norway",{"id":650,"name":651,"phoneCode":652},123,"Oman",968,{"id":654,"name":655,"phoneCode":492},128,"Pakistan",{"id":629,"name":657,"phoneCode":658},"Palau",680,{"id":660,"name":661,"phoneCode":47},131,"Palestine",{"id":663,"name":664,"phoneCode":665},124,"Panama",507,{"id":667,"name":668,"phoneCode":669},126,"Papua New Guinea",675,{"id":671,"name":672,"phoneCode":673},133,"Paraguay",595,{"id":675,"name":676,"phoneCode":315},125,"Peru",{"id":678,"name":679,"phoneCode":303},127,"Philippines",{"id":360,"name":681,"phoneCode":682},"Pitcairn",870,{"id":684,"name":685,"phoneCode":686},129,"Poland",48,{"id":688,"name":689,"phoneCode":690},132,"Portugal",351,{"id":692,"name":693,"phoneCode":47},130,"Puerto Rico",{"id":695,"name":696,"phoneCode":697},134,"Qatar",974,{"id":218,"name":699,"phoneCode":115},"Reunion",{"id":701,"name":702,"phoneCode":355},135,"Romania",{"id":704,"name":705,"phoneCode":81},137,"Russia",{"id":707,"name":708,"phoneCode":709},138,"Rwanda",250,{"id":711,"name":712,"phoneCode":47},151,"S. Sudan",{"id":714,"name":715,"phoneCode":716},192,"Saint Barthélemy",590,{"id":718,"name":719,"phoneCode":720},215,"Saint Kitts and Nevis",1869,{"id":722,"name":723,"phoneCode":724},217,"Saint LUCIA",1758,{"id":349,"name":726,"phoneCode":727},"Saint Martin",1599,{"id":729,"name":730,"phoneCode":731},246,"Saint Vincent and the Grenadines",1784,{"id":709,"name":733,"phoneCode":734},"Samoa",685,{"id":206,"name":736,"phoneCode":737},"San Marino",378,{"id":739,"name":740,"phoneCode":739},239,"Sao Tome and Principe",{"id":742,"name":743,"phoneCode":744},139,"Saudi Arabia",966,{"id":746,"name":747,"phoneCode":548},148,"Senegal",{"id":749,"name":750,"phoneCode":751},136,"Serbia",381,{"id":214,"name":753,"phoneCode":754},"Seychelles",248,{"id":756,"name":753,"phoneCode":757},144,290,{"id":759,"name":760,"phoneCode":761},147,"Sierra Leone",232,{"id":763,"name":764,"phoneCode":385},143,"Singapore",{"id":470,"name":766,"phoneCode":47},"Sint Maarten (Dutch part)",{"id":768,"name":769,"phoneCode":770},146,"Slovakia",421,{"id":772,"name":773,"phoneCode":774},145,"Slovenia",386,{"id":776,"name":777,"phoneCode":778},140,"Solomon Is.",677,{"id":780,"name":781,"phoneCode":782},149,"Somalia",252,{"id":784,"name":785,"phoneCode":47},177,"Somaliland",{"id":787,"name":788,"phoneCode":275},179,"South Africa",{"id":790,"name":791,"phoneCode":115},207,"South Georgia and the South Sandwich Islands",{"id":793,"name":794,"phoneCode":461},88,"South Korea",{"id":796,"name":797,"phoneCode":223},50,"Spain",{"id":43,"name":799,"phoneCode":504},"Sri Lanka",{"id":761,"name":801,"phoneCode":802},"St. Pierre and Miquelon",508,{"id":804,"name":805,"phoneCode":806},141,"Sudan",249,{"id":808,"name":809,"phoneCode":810},150,"Suriname",597,{"id":199,"name":812,"phoneCode":115},"Svalbard and Jan Mayen Islands",{"id":814,"name":815,"phoneCode":816},154,"Swaziland",268,{"id":818,"name":819,"phoneCode":311},142,"Sweden",{"id":368,"name":821,"phoneCode":283},"Switzerland",{"id":823,"name":824,"phoneCode":825},153,"Syria",963,{"id":827,"name":828,"phoneCode":829},165,"Taiwan",886,{"id":831,"name":832,"phoneCode":833},159,"Tajikistan",992,{"id":835,"name":836,"phoneCode":837},166,"Tanzania",255,{"id":839,"name":840,"phoneCode":393},158,"Thailand",{"id":842,"name":843,"phoneCode":844},160,"Timor-Leste",670,{"id":846,"name":847,"phoneCode":634},157,"Togo",{"id":346,"name":849,"phoneCode":850},"Tokelau",690,{"id":242,"name":852,"phoneCode":853},"Tonga",676,{"id":855,"name":856,"phoneCode":857},164,"Trinidad and Tobago",1868,{"id":859,"name":860,"phoneCode":208},162,"Tunisia",{"id":862,"name":863,"phoneCode":465},163,"Türkiye",{"id":865,"name":866,"phoneCode":867},161,"Turkmenistan",993,{"id":305,"name":869,"phoneCode":870},"Turks and Caicos Islands",1649,{"id":277,"name":872,"phoneCode":873},"Tuvalu",688,{"id":875,"name":876,"phoneCode":156},168,"Uganda",{"id":878,"name":879,"phoneCode":880},167,"Ukraine",380,{"id":25,"name":882,"phoneCode":883},"United Arab Emirates",971,{"id":234,"name":885,"phoneCode":53},"United Kingdom",{"id":887,"name":888,"phoneCode":47},169,"United States",{"id":67,"name":890,"phoneCode":115},"United States Minor Outlying Islands",{"id":892,"name":893,"phoneCode":894},170,"Uruguay",598,{"id":896,"name":897,"phoneCode":898},171,"Uzbekistan",998,{"id":900,"name":901,"phoneCode":902},174,"Vanuatu",678,{"id":904,"name":905,"phoneCode":351},172,"Venezuela",{"id":907,"name":908,"phoneCode":468},173,"Vietnam",{"id":910,"name":911,"phoneCode":912},247,"Virgin Islands (British)",1284,{"id":754,"name":914,"phoneCode":915},"Virgin Islands (U.S.)",1340,{"id":686,"name":917,"phoneCode":47},"W. Sahara",{"id":806,"name":919,"phoneCode":920},"Wallis and Futuna Islands",681,{"id":922,"name":923,"phoneCode":924},178,"Yemen",967,{"id":837,"name":926,"phoneCode":8},"Yugoslavia",{"id":928,"name":929,"phoneCode":930},180,"Zambia",260,{"id":932,"name":933,"phoneCode":934},181,"Zimbabwe",263,{"id":782,"name":936,"phoneCode":8},"Zona del Canal de Panamá",{"id":938,"name":939,"phoneCode":940},24,"Беларусь",375,[942,965,985,1006,1028,1050,1072,1102,1130,1158,1186,1208,1230,1252,1274,1296,1318,1336,1358,1380,1402,1424],{"id":159,"label":943,"segment":944,"translations":952},"Basic sanitation",{"id":5,"title":6,"translations":945},[946,948,950],{"title":6,"slug":11,"language":947},{"code":13},{"title":15,"slug":16,"language":949},{"code":18},{"title":20,"slug":21,"language":951},{"code":23},[953,957,961],{"label":954,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":955,"language":956},"Basic Sanitation","basic-sanitation",{"code":13},{"label":958,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":959,"language":960},"Saneamento Básico","saneamento-basico",{"code":18},{"label":962,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":963,"language":964},"Saneamiento Básico","saneamiento-basico",{"code":23},{"id":212,"label":966,"segment":967,"translations":975},"Data Center",{"id":25,"title":26,"translations":968},[969,971,973],{"title":26,"slug":30,"language":970},{"code":13},{"title":33,"slug":34,"language":972},{"code":23},{"title":37,"slug":38,"language":974},{"code":18},[976,980,983],{"label":977,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":978,"language":979},"Data Centres","",{"code":13},{"label":981,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":978,"language":982},"Data Centers",{"code":18},{"label":981,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":978,"language":984},{"code":23},{"id":120,"label":986,"segment":987,"translations":995},"Energy",{"id":5,"title":6,"translations":988},[989,991,993],{"title":6,"slug":11,"language":990},{"code":13},{"title":15,"slug":16,"language":992},{"code":18},{"title":20,"slug":21,"language":994},{"code":23},[996,999,1003],{"label":986,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":997,"language":998},"energy",{"code":13},{"label":1000,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1001,"language":1002},"Energia","energia",{"code":18},{"label":1004,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1001,"language":1005},"Energía",{"code":23},{"id":189,"label":1007,"segment":1008,"translations":1016},"Environmental Assets",{"id":5,"title":6,"translations":1009},[1010,1012,1014],{"title":6,"slug":11,"language":1011},{"code":13},{"title":15,"slug":16,"language":1013},{"code":18},{"title":20,"slug":21,"language":1015},{"code":23},[1017,1020,1024],{"label":1007,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1018,"language":1019},"environmental-assets",{"code":13},{"label":1021,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1022,"language":1023},"Ativos Ambientais","ativos-ambientais",{"code":18},{"label":1025,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1026,"language":1027},"Activos Ambientales","activos-ambientales",{"code":23},{"id":97,"label":1029,"segment":1030,"translations":1038},"ESG & Sustainability",{"id":25,"title":26,"translations":1031},[1032,1034,1036],{"title":26,"slug":30,"language":1033},{"code":13},{"title":33,"slug":34,"language":1035},{"code":23},{"title":37,"slug":38,"language":1037},{"code":18},[1039,1042,1046],{"label":1029,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1040,"language":1041},"esg-sustainability",{"code":13},{"label":1043,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1044,"language":1045},"ESG & Sustentabilidade","esg-sustentabilidade",{"code":18},{"label":1047,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1048,"language":1049},"ESG y Sostenibilidad","esg-y-sostenibilidad",{"code":23},{"id":136,"label":1051,"segment":1052,"translations":1060},"Financing & Capital Markets",{"id":5,"title":6,"translations":1053},[1054,1056,1058],{"title":6,"slug":11,"language":1055},{"code":13},{"title":15,"slug":16,"language":1057},{"code":18},{"title":20,"slug":21,"language":1059},{"code":23},[1061,1064,1068],{"label":1051,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1062,"language":1063},"financing-capital-markets",{"code":13},{"label":1065,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1066,"language":1067},"Financiamento & Mercado de Capitais","financiamento-mercado-de-capitais",{"code":18},{"label":1069,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1070,"language":1071},"Financiación y Mercados de Capitales","financiacion-y-mercados-de-capitales",{"code":23},{"id":132,"label":1073,"segment":1074,"translations":1084},"GRI Analisa",{"id":589,"title":1075,"translations":1076},"Latin America",[1077,1080,1082],{"title":1075,"slug":1078,"language":1079},"latin-america",{"code":13},{"title":1075,"slug":1078,"language":1081},{"code":18},{"title":1075,"slug":1078,"language":1083},{"code":23},[1085,1091,1096],{"label":1086,"title":1087,"subtitle":1088,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1089,"language":1090},"GRI Analyses","Strategic thought leadership","The GRI Analyses series presents in-depth diagnostics and original studies by the GRI Institute on high-impact themes. It translates contemporary challenges into technical analysis. That analysis grounds strategic debate.","gri-analyses",{"code":13},{"label":1073,"title":1092,"subtitle":1093,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1094,"language":1095},"Liderança de pensamento estratégico","A série GRI Analisa apresenta diagnósticos aprofundados e estudos originais do GRI Institute sobre temas de alto impacto. Traduz desafios contemporâneos em análise técnica. Essa análise fundamenta o debate estratégico.","gri-analisa",{"code":18},{"label":1097,"title":1098,"subtitle":1099,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1100,"language":1101},"GRI Analiza","Liderazgo de pensamiento estratégico","La serie GRI Analiza presenta diagnósticos en profundidad y estudios originales del GRI Institute sobre temas de alto impacto. Traduce los desafíos contemporáneos en análisis técnico. Ese análisis sustenta el debate estratégico.","gri-analiza",{"code":23},{"id":163,"label":1103,"segment":1104,"translations":1112},"GRI Antecipa",{"id":589,"title":1075,"translations":1105},[1106,1108,1110],{"title":1075,"slug":1078,"language":1107},{"code":13},{"title":1075,"slug":1078,"language":1109},{"code":18},{"title":1075,"slug":1078,"language":1111},{"code":23},[1113,1119,1124],{"label":1114,"title":1115,"subtitle":1116,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1117,"language":1118},"GRI Foresees","Trend analysis","The GRI Foresees series anticipates market trends and movements. It consolidates the critical data captured by the GRI Barometer. The Barometer is the GRI Institute's research tool for measuring the current state of the industry.","gri-foresees",{"code":13},{"label":1103,"title":1120,"subtitle":1121,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1122,"language":1123},"Análise de tendências","A série GRI Antecipa projeta tendências e movimentos de mercado. Consolida os dados críticos captados pelo GRI Barometer. O Barometer é a ferramenta de pesquisa do GRI Institute para medir o estado atual do setor.","gri-antecipa",{"code":18},{"label":1125,"title":1126,"subtitle":1127,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1128,"language":1129},"GRI Anticipa","Análisis de tendencias","La serie GRI Anticipa proyecta tendencias y movimientos del mercado. Consolida los datos críticos captados por el GRI Barometer. El Barometer es la herramienta de investigación del GRI Institute para medir el estado actual del sector.","gri-anticipa",{"code":23},{"id":938,"label":1131,"segment":1132,"translations":1140},"GRI Monitora",{"id":589,"title":1075,"translations":1133},[1134,1136,1138],{"title":1075,"slug":1078,"language":1135},{"code":13},{"title":1075,"slug":1078,"language":1137},{"code":18},{"title":1075,"slug":1078,"language":1139},{"code":23},[1141,1147,1152],{"label":1142,"title":1143,"subtitle":1144,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1145,"language":1146},"GRI Monitors","Leading-edge monitoring","The GRI Monitors series tracks the regulatory landscape in depth. This tracking is essential for sound decision-making. The GRI Institute develops the specialized technical content of the series.","gri-monitors",{"code":13},{"label":1131,"title":1148,"subtitle":1149,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1150,"language":1151},"Monitoramento de vanguarda","A série GRI Monitora acompanha em profundidade o cenário regulatório. Esse acompanhamento é essencial para decisões seguras. O GRI Institute desenvolve o conteúdo técnico especializado da série.","gri-monitora",{"code":18},{"label":1153,"title":1154,"subtitle":1155,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1156,"language":1157},"GRI Monitorea","Monitoreo de vanguardia","La serie GRI Monitorea acompaña en profundidad el escenario regulatorio. Ese seguimiento es esencial para decisiones seguras. El GRI Institute desarrolla el contenido técnico especializado de la serie.","gri-monitorea",{"code":23},{"id":105,"label":1159,"segment":1160,"translations":1168},"GRI Propõe",{"id":589,"title":1075,"translations":1161},[1162,1164,1166],{"title":1075,"slug":1078,"language":1163},{"code":13},{"title":1075,"slug":1078,"language":1165},{"code":18},{"title":1075,"slug":1078,"language":1167},{"code":23},[1169,1175,1180],{"label":1170,"title":1171,"subtitle":1172,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1173,"language":1174},"GRI Proposes","Policy & legal framework proposals","The GRI Proposes series presents strategic recommendations for public policy and legal frameworks. It draws on the collective intelligence of the GRI Institute. It mobilizes the public sector and the market to enable structural transformation across the industry.","gri-proposes",{"code":13},{"label":1159,"title":1176,"subtitle":1177,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1178,"language":1179},"Propostas de marcos legais e regulatórios","A série GRI Propõe apresenta recomendações estratégicas para políticas públicas e marcos legais. Nasce da inteligência coletiva do GRI Institute. Mobiliza o setor público e o mercado para viabilizar transformações estruturais no setor.","gri-propoe",{"code":18},{"label":1181,"title":1182,"subtitle":1183,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1184,"language":1185},"GRI Propone","Propuestas de marcos legales y regulatorios","La serie GRI Propone presenta recomendaciones estratégicas para políticas públicas y marcos legales. Nace de la inteligencia colectiva del GRI Institute. Moviliza al sector público y al mercado para viabilizar transformaciones estructurales en el sector.","gri-propone",{"code":23},{"id":85,"label":1187,"segment":1188,"translations":1196},"Hotel & Hospitality",{"id":25,"title":26,"translations":1189},[1190,1192,1194],{"title":26,"slug":30,"language":1191},{"code":13},{"title":33,"slug":34,"language":1193},{"code":23},{"title":37,"slug":38,"language":1195},{"code":18},[1197,1200,1204],{"label":1187,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1198,"language":1199},"hotel-hospitality",{"code":13},{"label":1201,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1202,"language":1203},"Hotelaria & Hospitalidade","hotelaria-hospitalidade",{"code":18},{"label":1205,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1206,"language":1207},"Hotelería y Hospitalidad","hoteleria-y-hospitalidad",{"code":23},{"id":49,"label":1209,"segment":1210,"translations":1218},"Industrial & Logistics",{"id":25,"title":26,"translations":1211},[1212,1214,1216],{"title":26,"slug":30,"language":1213},{"code":13},{"title":33,"slug":34,"language":1215},{"code":23},{"title":37,"slug":38,"language":1217},{"code":18},[1219,1222,1226],{"label":1209,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1220,"language":1221},"industrial-logistics",{"code":13},{"label":1223,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1224,"language":1225},"Industrial & Logística","industrial-logistica",{"code":18},{"label":1227,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1228,"language":1229},"Industrial y Logístico","industrial-y-logistico",{"code":23},{"id":65,"label":1231,"segment":1232,"translations":1240},"Investments & Finance",{"id":25,"title":26,"translations":1233},[1234,1236,1238],{"title":26,"slug":30,"language":1235},{"code":13},{"title":33,"slug":34,"language":1237},{"code":23},{"title":37,"slug":38,"language":1239},{"code":18},[1241,1244,1248],{"label":1231,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1242,"language":1243},"investments-finance",{"code":13},{"label":1245,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1246,"language":1247},"Investimentos & Fundos Imobiliários","investimentos-e-fundos-imobiliarios",{"code":18},{"label":1249,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1250,"language":1251},"Inversiones y Fondos Inmobiliarios","fondos-inmobiliarios-y-financiacion",{"code":23},{"id":93,"label":1253,"segment":1254,"translations":1262},"Legal\u002FCorporate\u002FGeopolitics",{"id":25,"title":26,"translations":1255},[1256,1258,1260],{"title":26,"slug":30,"language":1257},{"code":13},{"title":33,"slug":34,"language":1259},{"code":23},{"title":37,"slug":38,"language":1261},{"code":18},[1263,1266,1270],{"label":1253,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1264,"language":1265},"legal-corporate-geopolitics",{"code":13},{"label":1267,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1268,"language":1269},"Legislação & Jurídico","legislacao-juridico",{"code":18},{"label":1271,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1272,"language":1273},"Legislación y Legal","legislacion-y-legal",{"code":23},{"id":25,"label":1275,"segment":1276,"translations":1284},"Offices",{"id":25,"title":26,"translations":1277},[1278,1280,1282],{"title":26,"slug":30,"language":1279},{"code":13},{"title":33,"slug":34,"language":1281},{"code":23},{"title":37,"slug":38,"language":1283},{"code":18},[1285,1288,1292],{"label":1275,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1286,"language":1287},"offices",{"code":13},{"label":1289,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1290,"language":1291},"Lajes Corporativas","lajes-corporativas",{"code":18},{"label":1293,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1294,"language":1295},"Oficinas","oficinas",{"code":23},{"id":47,"label":1297,"segment":1298,"translations":1306},"Residential & BTR",{"id":25,"title":26,"translations":1299},[1300,1302,1304],{"title":26,"slug":30,"language":1301},{"code":13},{"title":33,"slug":34,"language":1303},{"code":23},{"title":37,"slug":38,"language":1305},{"code":18},[1307,1310,1314],{"label":1297,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1308,"language":1309},"residential-btr",{"code":13},{"label":1311,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1312,"language":1313},"Residencial & BTR","residencial-btr",{"code":18},{"label":1315,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1316,"language":1317},"Residencial y Multifamily","residencial-y-multifamily",{"code":23},{"id":5,"label":1319,"segment":1320,"translations":1328},"Shopping & Retail",{"id":25,"title":26,"translations":1321},[1322,1324,1326],{"title":26,"slug":30,"language":1323},{"code":13},{"title":33,"slug":34,"language":1325},{"code":23},{"title":37,"slug":38,"language":1327},{"code":18},[1329,1332,1334],{"label":1319,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1330,"language":1331},"shopping-retail",{"code":13},{"label":1319,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1330,"language":1333},{"code":18},{"label":1319,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1330,"language":1335},{"code":23},{"id":181,"label":1337,"segment":1338,"translations":1346},"Social Infrastructure",{"id":5,"title":6,"translations":1339},[1340,1342,1344],{"title":6,"slug":11,"language":1341},{"code":13},{"title":15,"slug":16,"language":1343},{"code":18},{"title":20,"slug":21,"language":1345},{"code":23},[1347,1350,1354],{"label":1337,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1348,"language":1349},"social-infrastructure",{"code":13},{"label":1351,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1352,"language":1353},"Infraestrutura Social","infraestrutura-socia",{"code":18},{"label":1355,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1356,"language":1357},"Infraestructura Social","infraestructura-social",{"code":23},{"id":81,"label":1359,"segment":1360,"translations":1368},"Technology & Innovation",{"id":25,"title":26,"translations":1361},[1362,1364,1366],{"title":26,"slug":30,"language":1363},{"code":13},{"title":33,"slug":34,"language":1365},{"code":23},{"title":37,"slug":38,"language":1367},{"code":18},[1369,1372,1376],{"label":1359,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1370,"language":1371},"technology-innovation",{"code":13},{"label":1373,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1374,"language":1375},"Tecnologia & Inovação","tecnologia-inovacao",{"code":18},{"label":1377,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1378,"language":1379},"Tecnología e Innovación","tecnologia-y-innovacion",{"code":23},{"id":128,"label":1381,"segment":1382,"translations":1390},"Telecommunications",{"id":5,"title":6,"translations":1383},[1384,1386,1388],{"title":6,"slug":11,"language":1385},{"code":13},{"title":15,"slug":16,"language":1387},{"code":18},{"title":20,"slug":21,"language":1389},{"code":23},[1391,1394,1398],{"label":1381,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1392,"language":1393},"telecommunications",{"code":13},{"label":1395,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1396,"language":1397},"Telecomunicações","telecomunicacoes",{"code":18},{"label":1399,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1400,"language":1401},"Telecomunicaciones","telecomunicaciones",{"code":23},{"id":101,"label":1403,"segment":1404,"translations":1412},"Transport & Logistics",{"id":5,"title":6,"translations":1405},[1406,1408,1410],{"title":6,"slug":11,"language":1407},{"code":13},{"title":15,"slug":16,"language":1409},{"code":18},{"title":20,"slug":21,"language":1411},{"code":23},[1413,1416,1420],{"label":1403,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1414,"language":1415},"transport-logistics",{"code":13},{"label":1417,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1418,"language":1419},"Transportes & Logística","transportes-logistica",{"code":18},{"label":1421,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1422,"language":1423},"Transporte y Logística","transporte-y-logistica",{"code":23},{"id":185,"label":1425,"segment":1426,"translations":1434},"Urban Mobility",{"id":5,"title":6,"translations":1427},[1428,1430,1432],{"title":6,"slug":11,"language":1429},{"code":13},{"title":15,"slug":16,"language":1431},{"code":18},{"title":20,"slug":21,"language":1433},{"code":23},[1435,1438,1442],{"label":1425,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1436,"language":1437},"urban-mobility",{"code":13},{"label":1439,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1440,"language":1441},"Mobilidade Urbana","mobilidade-urbana",{"code":18},{"label":1443,"title":8,"subtitle":8,"seoTitle":8,"seoDescription":8,"videoPlaylistUrl":8,"videoTitle":8,"videoSubtitle":8,"slug":1444,"language":1445},"Movilidad Urbana","movilidad-urbana",{"code":23},{"id":1447,"status":1448,"segmentId":5,"slug":1449,"title":1450,"editorsPick":1451,"topImage":1452,"coverImage":1452,"slideImage":8,"publishDate":1453,"readTime":8,"maxRelatedEvents":5,"image":8,"imageCredit":8,"imageCreditColor":8,"breakNewsUntil":8,"seoTagConversionId":8,"seoTag":8,"seoTitle":8,"seoKeywords":8,"seoDescription":8,"seoAbstract":8,"seoImage":8,"visitCounter":1454,"createdAt":1455,"updatedAt":8,"translations":1456,"segment":1490,"categories":1498,"countries":1523,"authors":1535,"urls":1539},3074,"TRUE","radar-inversion-infraestructura-energetica-colombia-pipeline-transicion","Radar de inversión: el pipeline energético de Colombia exige $40 billones en la próxima década",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Fradar-inversion-infraestructura-energetica-colombia-pipeline-transicion.webp","2026-02-25T00:00:00.000Z",1109,"2026-03-17T20:14:15.000Z",[1457,1469,1480],{"id":1458,"newsId":1447,"languageId":47,"title":1459,"subtitle":1460,"content":1461,"summary":1462,"takeaways":1463,"seoTagConversionId":8,"seoTag":8,"seoTitle":1464,"seoKeywords":1465,"seoDescription":1466,"seoAbstract":8,"seoImage":1467,"createdAt":1455,"updatedAt":8,"language":1468},3406,"Investment radar: Colombia's energy pipeline demands $40 trillion pesos over the next decade","Generation, transmission, clean transport, and regional financial autonomy shape the opportunity map in Colombian infrastructure.","\u003Ch2>$40 trillion pesos: the figure that defines the urgency of Colombia's energy sector\u003C\u002Fh2>\n\u003Cp>Colombia needs to invest $40 trillion pesos in energy generation, transmission, and distribution over the next ten years to ensure supply reliability and prevent blackouts, according to figures released by Infobae based on BTG Pactual analysis. The scale of the pipeline places the country at the center of the debate on how to finance the energy transition amid high interest rates and country risk that raises the cost of capital.\u003C\u002Fp>\n\u003Cp>This figure marks the starting point of a market radar that GRI Institute is developing to map actors, instruments, and bottlenecks in the Colombian energy infrastructure vertical. Market signals converge: international operators are bidding on substation projects along the Caribbean coast, the Medellín Metro is issuing sustainable bonds to electrify mass transit, and the Antioquia Governor's Office is structuring bridge loans to unlock highway megaprojects with energy components. The landscape demands an integrated reading.\u003C\u002Fp>\n\u003Ch2>How much capital does Colombia need to close the energy infrastructure gap?\u003C\u002Fh2>\n\u003Cp>The short answer is that the country needs to mobilize resources equivalent to $40 trillion pesos in generation, transmission, and distribution over the next decade. The long answer involves multiple layers of complexity.\u003C\u002Fp>\n\u003Cp>Munir Jalil, chief economist at BTG Pactual, has warned that high interest rates and country risk are driving up the cost of available capital for energy transition projects in Colombia. This observation is relevant because most energy infrastructure assets have long maturation horizons and cash flows denominated in pesos, which amplifies the impact of financing costs on project viability.\u003C\u002Fp>\n\u003Cp>Investor appetite, however, exists. According to data published by Infobae, 67% of companies in the sector plan to increase investment in power generation over the next year, while 45% will boost resources in innovation and renewable energy. These figures suggest that the corporate willingness to deploy capital is present, but it requires regulatory and financial conditions that reduce the risk premium.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>The volume of investment required in Colombian energy infrastructure makes the country one of the most relevant markets in the Andean region for financial structurers, EPC operators, and infrastructure funds with energy transition mandates.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch2>Electrical infrastructure: Grupo Ortiz and the UPME auction in the Caribbean region\u003C\u002Fh2>\n\u003Cp>One of the projects that illustrates the dynamics of Colombia's electrical pipeline is the UPME STR 02-2019 auction, a tender by the Mining and Energy Planning Unit for the design, construction, and operation of electrical substations in the department of Atlántico, under the so-called Plan 5 Caribe. The Consorcio Energía de Colombia, led by Grupo Ortiz, was awarded this contract for 698,844 million pesos, according to records from Energía Estratégica and UPME itself.\u003C\u002Fp>\n\u003Cp>Grupo Ortiz is consolidating its position as a benchmark EPC contractor in the region. The Spanish company participates in both electrical infrastructure and road and hospital concessions under public-private partnership (PPP) schemes. Its contracted portfolio for upcoming fiscal years in infrastructure and energy areas reaches 1.431 billion euros globally, according to the Non-Financial Information Statement published by the company in March 2025.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>With a global portfolio of 1.431 billion euros and a consolidated presence in UPME tenders, Grupo Ortiz represents the profile of international EPC operator that the Colombian market needs to execute its electrical transmission pipeline.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>The UPME STR 02-2019 auction award is in the execution phase, and its progress will serve as an indicator of the real pace at which Colombia is advancing in strengthening its transmission grid, particularly along the Caribbean coast, where supply reliability has historically been more fragile.\u003C\u002Fp>\n\u003Ch2>How does Antioquia finance its infrastructure megaprojects amid tensions with the national government?\u003C\u002Fh2>\n\u003Cp>The region of Antioquia is emerging as a case study in subnational financial autonomy for infrastructure. Horacio Gallón, Secretary of Infrastructure of Antioquia, faces tensions with the National Government, particularly with the National Roads Institute (Invías), over the financing and execution of megaprojects such as the Túnel del Toyo and the Tren del Río.\u003C\u002Fp>\n\u003Cp>Given the lack of disbursements from the National Government for the installation of electromechanical equipment at the Túnel del Toyo (Vía al Mar), the Antioquia Governor's Office proposed a bridge loan through the Institute for the Development of Antioquia (IDEA) for 120,000 million pesos, as reported by MiOriente based on sources from the Governor's Office. The full delivery of the project is expected by the end of 2026 or early 2027, subject to the resolution of equipment installation conflicts with Invías.\u003C\u002Fp>\n\u003Cp>In mass transit, the tension is replicated. The Metro Law establishes that the national government contributes 70% and territorial entities 30% to co-finance mass transit systems. However, local authorities in Antioquia have noted that the region is absorbing larger proportions, on the order of 60\u002F40, or even the full initial financing for projects such as the Tren del Río. The tender to build the first phase of this multipurpose train, from Bello to Barbosa, is expected to be awarded in 2027, according to statements from the Antioquia Secretary of Infrastructure.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>Antioquia's pursuit of financial autonomy, through IDEA loans and bond issuances, foreshadows a model where Colombian regions take a more active role in structuring and executing strategic infrastructure projects.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch2>Clean transport and sustainable bonds: the Medellín Metro's strategy\u003C\u002Fh2>\n\u003Cp>Tomás Elejalde, general manager of the Medellín Metro, is leading the decarbonization of urban transport in the Antioquia capital with a strategy that combines rail network expansion with the incorporation of electric buses and, centrally, the attraction of green financing.\u003C\u002Fp>\n\u003Cp>The Medellín Metro structured a sustainable bond issuance of 350,000 million pesos to finance key mass transit and energy transition projects, as reported by Valora Analitik in March 2024. This operation positions the entity as one of the few public transport companies in Latin America accessing the green capital market to fund mobility infrastructure.\u003C\u002Fp>\n\u003Cp>The issuance is significant in a context where Munir Jalil and other analysts have highlighted the rising cost of capital. Sustainable bonds offer an alternative pathway to attract institutional investors with ESG mandates, partially reducing dependence on national fiscal transfers that, as observed in the Túnel del Toyo case, face recurring delays.\u003C\u002Fp>\n\u003Ch2>The opportunity map: actors and investment vectors\u003C\u002Fh2>\n\u003Cp>The investment radar for Colombian energy infrastructure reveals four simultaneous activity vectors:\u003C\u002Fp>\n\u003Col>\n\u003Cli>\u003Cp>\u003Cstrong>Power generation and transmission:\u003C\u002Fstrong> with an accumulated deficit requiring $40 trillion over the next decade and UPME auctions already awarded to operators such as Grupo Ortiz.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Decarbonized mass transit:\u003C\u002Fstrong> driven by sustainable bond issuances such as the Medellín Metro's 350,000 million pesos and the upcoming Tren del Río tender in 2027.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Regional megaprojects with autonomous financing:\u003C\u002Fstrong> where the IDEA bridge loan of 120,000 million pesos for the Túnel del Toyo sets a precedent for subnational structuring.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Expanding corporate capital:\u003C\u002Fstrong> with 67% of sector companies planning to increase investment in power generation and 45% directing resources toward innovation and renewables.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003C\u002Fol>\n\u003Cp>Industry leaders such as Munir Jalil, Tomás Elejalde, and Horacio Gallón actively participate in the discussion forums organized by GRI Institute to connect the actors in the infrastructure ecosystem across the Andean region. Events such as Infra Colombia GRI bring together financial structurers, developers, operators, and government authorities to advance the materialization of these projects.\u003C\u002Fp>\n\u003Ch2>Closing perspective\u003C\u002Fh2>\n\u003Cp>Colombia presents an energy infrastructure pipeline of significant scale, backed by quantified structural needs and an ecosystem of actors ranging from international EPC contractors to subnational entities innovating in financial instruments. The central challenge lies in closing the gap between the magnitude of required investment and the financing conditions available in a restrictive macroeconomic environment. The next 24 months, with the expected award of the Tren del Río and the completion of the Túnel del Toyo, will be decisive in gauging the real pace of execution of Colombia's pipeline.\u003C\u002Fp>\n\u003Cp>GRI Institute will continue monitoring the evolution of these indicators and facilitating dialogue among the decision-makers shaping the future of energy infrastructure in Latin America.\u003C\u002Fp>","Colombia faces an energy infrastructure deficit requiring $40 trillion pesos in generation, transmission, and distribution over the next decade, according to BTG Pactual analysis. High interest rates and country risk raise financing costs, though corporate appetite persists. The pipeline is structured around four vectors: UPME auctions executed by operators like Grupo Ortiz, Medellín Metro sustainable bonds, autonomous subnational financing in Antioquia through IDEA loans, and growing corporate capital directed toward renewables. The next 24 months will be key to measuring real execution pace.","\u003Cul>\n\u003Cli>Colombia needs to invest $40 trillion pesos in energy infrastructure over the next decade to prevent blackouts.\u003C\u002Fli>\n\u003Cli>67% of sector companies plan to increase investment in power generation and 45% in renewables and innovation.\u003C\u002Fli>\n\u003Cli>Grupo Ortiz was awarded the UPME STR 02-2019 auction for 698,844 million pesos for substations in Atlántico.\u003C\u002Fli>\n\u003Cli>The Medellín Metro issued sustainable bonds worth 350,000 million pesos to finance clean transport.\u003C\u002Fli>\n\u003Cli>Antioquia is structuring its own bridge loans amid delayed national government disbursements for megaprojects like Túnel del Toyo.\u003C\u002Fli>\n\u003C\u002Ful>\n","Colombia energy infrastructure: investment radar","munir jalil, tomas elejalde, horacio gallon, grupo ortiz colombia, colombia energy infrastructure, medellin metro sustainable bonds, UPME auction colombia, colombia energy transition investment","Colombia needs $40 trillion pesos in energy infrastructure over 10 years. Analysis of the generation and transmission pipeline, Medellín Metro sustainable bonds, Grupo Ortiz in UPME auctions, and Antioquia's financial autonomy with key sector players.","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002Fradar-inversion-infraestructura-energetica-colombia-pipeline-transicion-seo.jpg",{"code":13},{"id":1470,"newsId":1447,"languageId":25,"title":1471,"subtitle":1472,"content":1473,"summary":1474,"takeaways":1475,"seoTagConversionId":8,"seoTag":8,"seoTitle":1476,"seoKeywords":1477,"seoDescription":1478,"seoAbstract":8,"seoImage":1467,"createdAt":1455,"updatedAt":8,"language":1479},3407,"Radar de investimento: pipeline energético da Colômbia exige $40 trilhões na próxima década","Geração, transmissão, transporte limpo e autonomia financeira regional configuram o mapa de oportunidades em infraestrutura colombiana.","\u003Ch2>$40 trilhões de pesos: o número que define a urgência do setor energético colombiano\u003C\u002Fh2>\n\u003Cp>A Colômbia precisa investir $40 trilhões de pesos em geração, transmissão e distribuição de energia nos próximos dez anos para garantir a confiabilidade do fornecimento e evitar apagões, segundo dados divulgados pela Infobae com base em análises do BTG Pactual. A magnitude do pipeline coloca o país no centro do debate sobre como financiar a transição energética em um ambiente de taxas de juros elevadas e risco-país que encarece o custo de capital.\u003C\u002Fp>\n\u003Cp>O dado marca o ponto de partida de um radar de mercado que o GRI Institute elabora para mapear atores, instrumentos e gargalos na vertical de infraestrutura energética colombiana. Os sinais do mercado convergem: operadores internacionais licitam projetos de subestações no litoral do Caribe, o Metrô de Medellín emite títulos sustentáveis para eletrificar o transporte de massa e a Governadoria de Antioquia estrutura créditos-ponte para destravar megaprojetos viários com componente energético. O panorama exige uma leitura integrada.\u003C\u002Fp>\n\u003Ch2>Quanto capital a Colômbia precisa para fechar a brecha de infraestrutura energética?\u003C\u002Fh2>\n\u003Cp>A resposta curta é que o país precisa mobilizar recursos equivalentes a $40 trilhões de pesos em geração, transmissão e distribuição na próxima década. A resposta longa envolve múltiplas camadas de complexidade.\u003C\u002Fp>\n\u003Cp>Munir Jalil, economista-chefe do BTG Pactual, alertou que as altas taxas de juros e o risco-país encarecem o capital disponível para projetos de transição energética na Colômbia. Essa observação é relevante porque a maioria dos ativos de infraestrutura energética apresenta horizontes de maturação longos e fluxos de caixa denominados em pesos, o que amplifica o impacto do custo financeiro sobre a viabilidade dos projetos.\u003C\u002Fp>\n\u003Cp>O apetite investidor, no entanto, existe. Segundo dados publicados pela Infobae, 67% das empresas do setor planejam aumentar o investimento em geração elétrica no próximo ano, enquanto 45% ampliarão recursos em inovação e energias renováveis. Esses números sugerem que a vontade corporativa de alocar capital está presente, mas precisa de condições regulatórias e financeiras que reduzam o prêmio de risco.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>O volume de investimento necessário em infraestrutura energética colombiana torna o país um dos mercados mais relevantes da região andina para estruturadores financeiros, operadores EPC e fundos de infraestrutura com mandato de transição energética.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch2>Infraestrutura elétrica: Grupo Ortiz e o leilão UPME na região do Caribe\u003C\u002Fh2>\n\u003Cp>Um dos projetos que ilustra a dinâmica do pipeline elétrico colombiano é o leilão UPME STR 02-2019, licitação da Unidade de Planejamento Minero-Energético para o projeto, construção e operação de subestações elétricas no departamento do Atlántico, dentro do denominado Plan 5 Caribe. O Consórcio Energía de Colombia, liderado pelo Grupo Ortiz, venceu esse contrato por um valor de 698.844 milhões de pesos, segundo registros da Energía Estratégica e da própria UPME.\u003C\u002Fp>\n\u003Cp>O Grupo Ortiz se consolida como um contratista EPC de referência na região. A empresa espanhola atua tanto em infraestrutura elétrica quanto em concessões viárias e hospitalares sob esquemas de parcerias público-privadas (PPP). Sua carteira contratada para os próximos exercícios nas áreas de infraestrutura e energia alcança 1.431 milhões de euros a nível global, de acordo com o Relatório de Informação Não Financeira publicado pela empresa em março de 2025.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>Com uma carteira global de 1.431 milhões de euros e presença consolidada em licitações UPME, o Grupo Ortiz representa o perfil de operador EPC internacional que o mercado colombiano precisa para executar seu pipeline de transmissão elétrica.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>A adjudicação do leilão UPME STR 02-2019 encontra-se em fase de execução, e sua evolução será um indicador do ritmo real no qual a Colômbia avança no fortalecimento de sua rede de transmissão, particularmente no litoral do Caribe, onde a confiabilidade do fornecimento tem sido historicamente mais frágil.\u003C\u002Fp>\n\u003Ch2>Como Antioquia financia seus megaprojetos de infraestrutura diante das tensões com o governo nacional?\u003C\u002Fh2>\n\u003Cp>A região de Antioquia surge como um caso de estudo em autonomia financeira subnacional para infraestrutura. Horacio Gallón, secretário de Infraestrutura de Antioquia, enfrenta tensões com o Governo Nacional, particularmente com o Instituto Nacional de Vías (Invías), pela financiamento e execução de megaprojetos como o Túnel del Toyo e o Tren del Río.\u003C\u002Fp>\n\u003Cp>Diante da falta de repasses do Governo Nacional para a instalação de equipamentos eletromecânicos do Túnel del Toyo (Vía al Mar), a Governadoria de Antioquia propôs um crédito-ponte por meio do Instituto para o Desenvolvimento de Antioquia (IDEA) de 120.000 milhões de pesos, conforme reportou MiOriente com base em fontes da Governadoria. A entrega total do projeto está prevista para o final de 2026 ou início de 2027, sujeita à resolução dos conflitos de instalação de equipamentos com o Invías.\u003C\u002Fp>\n\u003Cp>No transporte de massa, a tensão se replica. A Ley de Metros estabelece que a Nação aporta 70% e os entes territoriais 30% para cofinanciar sistemas de transporte de massa. No entanto, autoridades locais em Antioquia apontaram que a região está assumindo proporções maiores, da ordem de 60\u002F40, ou até mesmo a totalidade inicial do financiamento para projetos como o Tren del Río. Espera-se que a licitação para construir a primeira fase desse trem multiuso, de Bello até Barbosa, seja adjudicada em 2027, segundo declarações da Secretaria de Infraestrutura de Antioquia.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>A busca por autonomia financeira por parte de Antioquia, por meio de créditos do IDEA e emissões de títulos, antecipa um modelo onde as regiões colombianas assumem um papel mais ativo na estruturação e execução de projetos de infraestrutura estratégica.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch2>Transporte limpo e títulos sustentáveis: a aposta do Metrô de Medellín\u003C\u002Fh2>\n\u003Cp>Tomás Elejalde, gerente do Metrô de Medellín, lidera a descarbonização do transporte urbano na capital antioqueña com uma estratégia que combina a expansão da rede ferroviária com a incorporação de ônibus elétricos e, de forma central, a captação de financiamento verde.\u003C\u002Fp>\n\u003Cp>O Metrô de Medellín estruturou a emissão de títulos sustentáveis de 350.000 milhões de pesos para financiar projetos-chave de transporte de massa e transição energética, conforme reportou a Valora Analitik em março de 2024. Essa operação posiciona a entidade como uma das poucas empresas de transporte público na América Latina que acessa o mercado de capitais verdes para financiar infraestrutura de mobilidade.\u003C\u002Fp>\n\u003Cp>A emissão é significativa em um contexto onde Munir Jalil e outros analistas destacaram o encarecimento do capital. Os títulos sustentáveis oferecem uma via alternativa para atrair investidores institucionais com mandatos ESG, reduzindo parcialmente a dependência de transferências fiscais nacionais que, como se observa no caso do Túnel del Toyo, enfrentam atrasos recorrentes.\u003C\u002Fp>\n\u003Ch2>O mapa de oportunidades: atores e vetores de investimento\u003C\u002Fh2>\n\u003Cp>O radar de investimento em infraestrutura energética colombiana revela quatro vetores de atividade simultânea:\u003C\u002Fp>\n\u003Col>\n\u003Cli>\u003Cp>\u003Cstrong>Geração e transmissão elétrica:\u003C\u002Fstrong> com um déficit acumulado que exige $40 trilhões na próxima década e leilões UPME já adjudicados a operadores como o Grupo Ortiz.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Transporte de massa descarbonizado:\u003C\u002Fstrong> impulsionado por emissões de títulos sustentáveis como os 350.000 milhões de pesos do Metrô de Medellín e a futura licitação do Tren del Río em 2027.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Megaprojetos regionais com financiamento autônomo:\u003C\u002Fstrong> onde o crédito-ponte do IDEA de 120.000 milhões de pesos para o Túnel del Toyo estabelece um precedente de estruturação subnacional.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Capital corporativo em expansão:\u003C\u002Fstrong> com 67% das empresas do setor planejando aumentar o investimento em geração elétrica e 45% direcionando recursos para inovação e renováveis.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003C\u002Fol>\n\u003Cp>Líderes do setor como Munir Jalil, Tomás Elejalde e Horacio Gallón participam ativamente nos fóruns de discussão que o GRI Institute organiza para conectar os atores do ecossistema de infraestrutura na região andina. Eventos como o Infra Colombia GRI reúnem estruturadores financeiros, desenvolvedores, operadores e autoridades governamentais para avançar na materialização desses projetos.\u003C\u002Fp>\n\u003Ch2>Perspectiva de encerramento\u003C\u002Fh2>\n\u003Cp>A Colômbia apresenta um pipeline de infraestrutura energética de escala significativa, respaldado por necessidades estruturais quantificadas e um ecossistema de atores que abrange desde contratistas EPC internacionais até entidades subnacionais que inovam em instrumentos financeiros. O desafio central reside em fechar a brecha entre a magnitude do investimento necessário e as condições de financiamento disponíveis em um ambiente macroeconômico restritivo. Os próximos 24 meses, com a adjudicação esperada do Tren del Río e a conclusão do Túnel del Toyo, serão determinantes para calibrar o ritmo real de execução do pipeline colombiano.\u003C\u002Fp>\n\u003Cp>O GRI Institute continuará monitorando a evolução desses indicadores e facilitando o diálogo entre os tomadores de decisão que definem o futuro da infraestrutura energética na América Latina.\u003C\u002Fp>","A Colômbia enfrenta um déficit de infraestrutura energética que exige $40 trilhões de pesos em geração, transmissão e distribuição na próxima década, segundo análise do BTG Pactual. As altas taxas de juros e o risco-país encarecem o financiamento, embora o apetite corporativo persista. O pipeline se articula em quatro vetores: leilões UPME executados por operadores como Grupo Ortiz, títulos sustentáveis do Metrô de Medellín, financiamento subnacional autônomo em Antioquia via créditos do IDEA e capital corporativo crescente orientado a renováveis. Os próximos 24 meses serão decisivos.","\u003Cul>\n\u003Cli>A Colômbia precisa investir $40 trilhões de pesos em infraestrutura energética na próxima década para evitar apagões.\u003C\u002Fli>\n\u003Cli>67% das empresas do setor planejam aumentar investimentos em geração elétrica e 45% em renováveis e inovação.\u003C\u002Fli>\n\u003Cli>Grupo Ortiz venceu o leilão UPME STR 02-2019 por 698.844 milhões de pesos para subestações no Atlántico.\u003C\u002Fli>\n\u003Cli>O Metrô de Medellín emitiu títulos sustentáveis de 350.000 milhões de pesos para financiar transporte limpo.\u003C\u002Fli>\n\u003Cli>Antioquia estrutura créditos-ponte próprios ante atrasos nos repasses do Governo Nacional para megaprojetos como o Túnel del Toyo.\u003C\u002Fli>\n\u003C\u002Ful>\n","Infraestrutura energética Colômbia: radar de investimento","munir jalil, tomas elejalde, horacio gallon, grupo ortiz colômbia, infraestrutura energética colômbia, títulos sustentáveis metrô medellín, leilão UPME colômbia, transição energética colômbia investimento","A Colômbia precisa de $40 trilhões em infraestrutura energética em 10 anos. Análise do pipeline de geração, transmissão, títulos sustentáveis do Metrô de Medellín, Grupo Ortiz em leilões UPME e a autonomia financeira de Antioquia com atores-chave do setor.",{"code":18},{"id":1481,"newsId":1447,"languageId":5,"title":1450,"subtitle":1482,"content":1483,"summary":1484,"takeaways":1485,"seoTagConversionId":8,"seoTag":8,"seoTitle":1486,"seoKeywords":1487,"seoDescription":1488,"seoAbstract":8,"seoImage":1467,"createdAt":1455,"updatedAt":8,"language":1489},3408,"Generación, transmisión, transporte limpio y autonomía financiera regional configuran el mapa de oportunidades en infraestructura colombiana.","\u003Ch2>$40 billones de pesos: la cifra que define la urgencia del sector energético colombiano\u003C\u002Fh2>\n\u003Cp>Colombia necesita invertir $40 billones de pesos en generación, transmisión y distribución de energía durante los próximos diez años para garantizar la confiabilidad del suministro y evitar apagones, según cifras difundidas por Infobae con base en análisis de BTG Pactual. La magnitud del pipeline coloca al país en el centro del debate sobre cómo financiar la transición energética en un entorno de tasas de interés elevadas y riesgo país que encarece el costo de capital.\u003C\u002Fp>\n\u003Cp>El dato marca el punto de partida de un radar de mercado que GRI Institute elabora para mapear actores, instrumentos y cuellos de botella en la vertical de infraestructura energética colombiana. Las señales del mercado convergen: operadores internacionales licitan proyectos de subestaciones en la costa Caribe, el Metro de Medellín emite bonos sostenibles para electrificar el transporte masivo y la Gobernación de Antioquia estructura créditos puente para destrabar megaproyectos viales con componente energético. El panorama exige una lectura integrada.\u003C\u002Fp>\n\u003Ch2>¿Cuánto capital necesita Colombia para cerrar la brecha de infraestructura energética?\u003C\u002Fh2>\n\u003Cp>La respuesta corta es que el país requiere movilizar recursos equivalentes a $40 billones de pesos en generación, transmisión y distribución durante la próxima década. La respuesta larga involucra múltiples capas de complejidad.\u003C\u002Fp>\n\u003Cp>Munir Jalil, economista jefe de BTG Pactual, ha advertido que las altas tasas de interés y el riesgo país encarecen el capital disponible para proyectos de transición energética en Colombia. Esta observación resulta relevante porque la mayoría de los activos de infraestructura energética presentan horizontes de maduración largos y flujos de caja denominados en pesos, lo que amplifica el impacto del costo financiero sobre la viabilidad de los proyectos.\u003C\u002Fp>\n\u003Cp>El apetito inversor, sin embargo, existe. Según datos publicados por Infobae, el 67% de las empresas del sector planea aumentar la inversión en generación eléctrica durante el próximo año, mientras que el 45% incrementará recursos en innovación y energías renovables. Estas cifras sugieren que la voluntad corporativa de desplegar capital está presente, pero necesita condiciones regulatorias y financieras que reduzcan la prima de riesgo.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>El volumen de inversión requerido en infraestructura energética colombiana convierte al país en uno de los mercados más relevantes de la región andina para estructuradores financieros, operadores EPC y fondos de infraestructura con mandato de transición energética.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch2>Infraestructura eléctrica: Grupo Ortiz y la subasta UPME en la región Caribe\u003C\u002Fh2>\n\u003Cp>Uno de los proyectos que ilustra la dinámica del pipeline eléctrico colombiano es la subasta UPME STR 02-2019, licitación de la Unidad de Planeación Minero Energética para el diseño, construcción y operación de subestaciones eléctricas en el departamento del Atlántico, dentro del denominado Plan 5 Caribe. El Consorcio Energía de Colombia, liderado por Grupo Ortiz, se adjudicó este contrato por un valor de 698.844 millones de pesos, según registros de Energía Estratégica y la propia UPME.\u003C\u002Fp>\n\u003Cp>Grupo Ortiz se consolida como un contratista EPC de referencia en la región. La compañía española participa tanto en infraestructura eléctrica como en concesiones viales y hospitalarias bajo esquemas de asociaciones público-privadas (APP). Su cartera contratada para los próximos ejercicios en las áreas de infraestructuras y energía alcanza los 1.431 millones de euros a nivel global, de acuerdo con el Estado de Información No Financiera publicado por la empresa en marzo de 2025.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>Con una cartera global de 1.431 millones de euros y presencia consolidada en licitaciones UPME, Grupo Ortiz representa el perfil de operador EPC internacional que el mercado colombiano necesita para ejecutar su pipeline de transmisión eléctrica.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>La adjudicación de la subasta UPME STR 02-2019 se encuentra en fase de ejecución, y su evolución será un indicador del ritmo real al que Colombia avanza en el fortalecimiento de su red de transmisión, particularmente en la costa Caribe, donde la confiabilidad del suministro ha sido históricamente más frágil.\u003C\u002Fp>\n\u003Ch2>¿Cómo financia Antioquia sus megaproyectos de infraestructura ante las tensiones con el gobierno nacional?\u003C\u002Fh2>\n\u003Cp>La región de Antioquia emerge como un caso de estudio en autonomía financiera subnacional para infraestructura. Horacio Gallón, secretario de Infraestructura de Antioquia, enfrenta tensiones con el Gobierno Nacional, particularmente con el Instituto Nacional de Vías (Invías), por la financiación y ejecución de megaproyectos como el Túnel del Toyo y el Tren del Río.\u003C\u002Fp>\n\u003Cp>Ante la falta de giros del Gobierno Nacional para la instalación de equipos electromecánicos del Túnel del Toyo (Vía al Mar), la Gobernación de Antioquia propuso un crédito puente a través del Instituto para el Desarrollo de Antioquia (IDEA) por 120.000 millones de pesos, según reportó MiOriente con base en fuentes de la Gobernación. La entrega total del proyecto está prevista para finales de 2026 o inicios de 2027, sujeta a la resolución de los conflictos de instalación de equipos con Invías.\u003C\u002Fp>\n\u003Cp>En materia de transporte masivo, la tensión se replica. La Ley de Metros establece que la Nación aporta el 70% y los entes territoriales el 30% para cofinanciar sistemas de transporte masivo. Sin embargo, autoridades locales en Antioquia han señalado que la región está asumiendo proporciones mayores, del orden de 60\u002F40, o incluso la totalidad inicial del financiamiento para proyectos como el Tren del Río. Se espera que la licitación para construir la primera fase de este tren multipropósito, desde Bello hasta Barbosa, se adjudique en 2027, según declaraciones de la Secretaría de Infraestructura de Antioquia.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>La búsqueda de autonomía financiera por parte de Antioquia, mediante créditos del IDEA y emisiones de bonos, anticipa un modelo donde las regiones colombianas asumen un rol más activo en la estructuración y ejecución de proyectos de infraestructura estratégica.\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Ch2>Transporte limpio y bonos sostenibles: la apuesta del Metro de Medellín\u003C\u002Fh2>\n\u003Cp>Tomás Elejalde, gerente del Metro de Medellín, lidera la descarbonización del transporte urbano en la capital antioqueña con una estrategia que combina la expansión de la red férrea con la incorporación de buses eléctricos y, de manera central, la captación de financiamiento verde.\u003C\u002Fp>\n\u003Cp>El Metro de Medellín estructuró la emisión de bonos sostenibles por 350.000 millones de pesos para financiar proyectos clave de transporte masivo y transición energética, según reportó Valora Analitik en marzo de 2024. Esta operación posiciona a la entidad como una de las pocas empresas de transporte público en América Latina que accede al mercado de capitales verdes para fondear infraestructura de movilidad.\u003C\u002Fp>\n\u003Cp>La emisión resulta significativa en un contexto donde Munir Jalil y otros analistas han subrayado el encarecimiento del capital. Los bonos sostenibles ofrecen una vía alternativa para atraer inversores institucionales con mandatos ESG, reduciendo parcialmente la dependencia de transferencias fiscales nacionales que, como se observa en el caso del Túnel del Toyo, enfrentan retrasos recurrentes.\u003C\u002Fp>\n\u003Ch2>El mapa de oportunidades: actores y vectores de inversión\u003C\u002Fh2>\n\u003Cp>El radar de inversión en infraestructura energética colombiana revela cuatro vectores de actividad simultánea:\u003C\u002Fp>\n\u003Col>\n\u003Cli>\u003Cp>\u003Cstrong>Generación y transmisión eléctrica:\u003C\u002Fstrong> con un déficit acumulado que exige $40 billones en la próxima década y subastas UPME ya adjudicadas a operadores como Grupo Ortiz.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Transporte masivo descarbonizado:\u003C\u002Fstrong> impulsado por emisiones de bonos sostenibles como los 350.000 millones de pesos del Metro de Medellín y la futura licitación del Tren del Río en 2027.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Megaproyectos regionales con financiación autónoma:\u003C\u002Fstrong> donde el crédito puente del IDEA por 120.000 millones de pesos para el Túnel del Toyo establece un precedente de estructuración subnacional.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003Cli>\u003Cp>\u003Cstrong>Capital corporativo en expansión:\u003C\u002Fstrong> con el 67% de las empresas del sector planificando aumentar la inversión en generación eléctrica y el 45% orientando recursos hacia innovación y renovables.\u003C\u002Fp>\n\u003C\u002Fli>\n\u003C\u002Fol>\n\u003Cp>Líderes del sector como Munir Jalil, Tomás Elejalde y Horacio Gallón participan activamente en los foros de discusión que GRI Institute organiza para conectar a los actores del ecosistema de infraestructura en la región andina. Eventos como Infra Colombia GRI reúnen a estructuradores financieros, desarrolladores, operadores y autoridades gubernamentales para avanzar en la materialización de estos proyectos.\u003C\u002Fp>\n\u003Ch2>Perspectiva de cierre\u003C\u002Fh2>\n\u003Cp>Colombia presenta un pipeline de infraestructura energética de escala significativa, respaldado por necesidades estructurales cuantificadas y un ecosistema de actores que abarca desde contratistas EPC internacionales hasta entidades subnacionales que innovan en instrumentos financieros. El desafío central reside en cerrar la brecha entre la magnitud de la inversión requerida y las condiciones de financiamiento disponibles en un entorno macroeconómico restrictivo. Los próximos 24 meses, con la adjudicación esperada del Tren del Río y la conclusión del Túnel del Toyo, serán determinantes para calibrar el ritmo real de ejecución del pipeline colombiano.\u003C\u002Fp>\n\u003Cp>GRI Institute continuará monitoreando la evolución de estos indicadores y facilitando el diálogo entre los tomadores de decisión que definen el futuro de la infraestructura energética en América Latina.\u003C\u002Fp>\n","Colombia enfrenta un déficit de infraestructura energética que exige $40 billones de pesos en generación, transmisión y distribución durante la próxima década, según análisis de BTG Pactual. Las altas tasas de interés y el riesgo país encarecen el financiamiento, aunque el apetito corporativo persiste.\n\nEl pipeline se articula en cuatro vectores: subastas UPME ejecutadas por operadores como Grupo Ortiz, bonos sostenibles del Metro de Medellín, financiación subnacional autónoma en Antioquia mediante créditos del IDEA, y capital corporativo creciente orientado a renovables. Los próximos 24 meses serán clave para medir el ritmo real de ejecución.","\u003Cul>\n\u003Cli>Colombia necesita invertir $40 billones de pesos en infraestructura energética en la próxima década para evitar apagones.\u003C\u002Fli>\n\u003Cli>El 67% de las empresas del sector planea aumentar inversión en generación eléctrica y el 45% en renovables e innovación.\u003C\u002Fli>\n\u003Cli>Grupo Ortiz se adjudicó la subasta UPME STR 02-2019 por 698.844 millones de pesos para subestaciones en el Atlántico.\u003C\u002Fli>\n\u003Cli>El Metro de Medellín emitió bonos sostenibles por 350.000 millones de pesos para financiar transporte limpio.\u003C\u002Fli>\n\u003Cli>Antioquia estructura créditos puente propios ante retrasos en giros del Gobierno Nacional para megaproyectos como el Túnel del Toyo.\u003C\u002Fli>\n\u003C\u002Ful>\n","Infraestructura energética Colombia: radar de inversión","munir jalil, tomas elejalde, horacio gallon, grupo ortiz colombia, infraestructura energética colombia, bonos sostenibles metro medellín, subasta UPME colombia, transición energética colombia inversión","Colombia necesita $40 billones en infraestructura energética en 10 años. Análisis del pipeline de generación, transmisión, bonos sostenibles del Metro de Medellín, Grupo Ortiz en subastas UPME y la autonomía financiera de Antioquia con actores clave del se",{"code":23},{"id":5,"color":7,"translations":1491},[1492,1494,1496],{"title":6,"slug":11,"language":1493},{"code":13},{"title":15,"slug":16,"language":1495},{"code":18},{"title":20,"slug":21,"language":1497},{"code":23},[1499,1507,1515],{"id":65,"label":1231,"translations":1500},[1501,1503,1505],{"label":1231,"slug":1242,"language":1502},{"code":13},{"label":1245,"slug":1246,"language":1504},{"code":18},{"label":1249,"slug":1250,"language":1506},{"code":23},{"id":120,"label":986,"translations":1508},[1509,1511,1513],{"label":986,"slug":997,"language":1510},{"code":13},{"label":1000,"slug":1001,"language":1512},{"code":18},{"label":1004,"slug":1001,"language":1514},{"code":23},{"id":136,"label":1051,"translations":1516},[1517,1519,1521],{"label":1051,"slug":1062,"language":1518},{"code":13},{"label":1065,"slug":1066,"language":1520},{"code":18},{"label":1069,"slug":1070,"language":1522},{"code":23},[1524,1526,1528,1531,1533],{"name":82,"enName":82,"ptName":82,"iso2":1525},"AR",{"name":220,"enName":220,"ptName":220,"iso2":1527},"CL",{"name":233,"enName":233,"ptName":1529,"iso2":1530},"Colômbia","CO",{"name":567,"enName":567,"ptName":567,"iso2":1532},"MX",{"name":676,"enName":676,"ptName":676,"iso2":1534},"PE",[1536],{"name":1537,"slug":1538,"image":8,"order":115},"GRI Institute","gri-institute",{"en":1540,"pt-BR":1541,"es":1542},"\u002Finfrastructure\u002Fradar-inversion-infraestructura-energetica-colombia-pipeline-transicion","\u002Finfraestrutura\u002Fradar-inversion-infraestructura-energetica-colombia-pipeline-transicion","\u002Finfraestructura\u002Fradar-inversion-infraestructura-energetica-colombia-pipeline-transicion",[1544,1545,1546,1547,1548,1549],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]