SINGAPORE, May 25 (Bernama) -- Singapore is set to share its traffic management expertise with Bogota under a Memorandum of Understanding (MOU) signed between the Ministry of Transport of Colombia and International Enterprise (IE) Singapore on Thursday in Bogota.

A joint statement released here said the MoU was aimed at improving the integration and efficiency of Bogota's transport system.

Colombia's Minister of Transportation, German Cardona Gutierrez, who signed the MoU on behalf of his country said: "Bogota has pioneered many transportation initiatives which set global benchmarks, and will continue to keep to these standards in our urban development.

"Singapore has successfully built up an efficient transport infrastructure in spite of its limited land resources, and we hope to tap into this expertise for Bogota's development.

"The outcome of this pilot study will be beneficial for other Colombian cities too."

Teo Eng Cheong, Chief Executive Officer of IE Singapore, signed on behalf of his agency, which is government agency driving the growth of Singapore's external economy.

The announcement today comes on the back of another MoU signed in early-May between IE Singapore and the National Business Association of Colombia, during a state visit by Colombian President Juan Manuel Santos Calderon to Singapore.

Bogota, the capital of Colombia, is recognised globally for the transformation of the city's transport network, which began in the mid-1990s. Governments from at least 200 cities have visited Bogota since 2005 to learn from its sustainable transportation initiatives.

One of its most notable achievements is the implementation the Bus Rapid Transit System (BRT), the only large transportation project approved by the United Nations to generate and sell carbon credits.

-- BERNAMA