Private investment in infrastructure in Colombia has decreased due to sector-specific issues and macroeconomic concerns. To attract more investment, sectoral reforms are needed. The government should focus on developing a policy on contingent liabilities and guarantees to balance risks and attract investors. Domestic resources, like pension funds, can be used to finance infrastructure projects, but regulatory reforms are necessary to allow them to invest in this sector. Overall, sector reforms and better risk allocation between government and private investors are crucial for improving infrastructure investment in Colombia.