Uber pulls in $40 million to Colombia for investment, citing regulatory uncertainty

FILE PHOTO: the Uber logo is displayed on a mobile phone in London, england, on September 14, 2018. (REUTERS photo/Hannah Mckay

BOGOTA, colombia (Ap) – Ride-hailing mobile application, Uber said on Thursday it will not be based on a 40-million-dollar aid to safety and security center, Columbia, after all, due to a lack of regulation and the stability of the country.

Ride-hailing apps, have drawn the ire of the authorities in Colombia, where its use is widespread, but it is illegal. The country has not been specifically arranged for the apps, but it has to be a penalty on Uber hundreds of thousands of dollars to create a barrier of 2017 and regulations, please visit.

The center, which is set to be the company’s third in Latin America, which was intended to start in 2020 and would have provided 600 jobs, the company said in a statement.

“After six years of searching for ways to start a dialogue, and in the absence of a development plan for the pre-regulation, to stability and security, we regret that we are going to need in order to move it, the destination of investments,” Uber’s general manager for Colombia, Nicolas, Pardo said.

Uber says that it has been arranged in 80 different jurisdictions in Latin America. In Colombia, claims 2 million members and 88,000 drivers.

The Constitutional Court has recently ruled that Colombia can only suspend the licenses of drivers who are offering services through ride-hailing apps-for-three-years old, not 25.

Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Andrea Ricci)

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