In Colombia, $1.3 billion is to be invested in improving the navigability of the Magdalena River. Work will take place along a distance of 700km from the centrally located Puerto Salgar to the coast at Barranquilla. This should cut transport costs by up to 50%. An award to undertake the work is to be made in July, with phase 1 to be completed within nine months. This will consist of dredging 500km of the River from Barrancabermeja to the River mouth.