Coldeportes, the national government institute for sports, is putting together the collateral payment required by the UCI. Director Andres Botero told El Tiempo.com that while there are problems at the moment, “The Government's intention is that the project continues.”
Team general manager Claudio Corti said that the team will submit all required documentation to the UCI as required. "Coldeportes promised to deliver what is needed to continue. The deadline is the 18th of October," said Corti.
The Colombian Cycling Federation confirmed that the government will continue to support the team. Coldeportes "has every intention of continuing with the objective that the project reach an invitation to the Giro d'Italia and later the Tour de France,” president Jorge Ovido Gonzalez said.
It is now only a question of securing the 550,000 Euro collateral “and attach other documentation. What remains is to agree to finalize everything. We need to work on the project and all the commissioned parties are moving in the same direction," he said.
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