Approved the repurchase of the ordinary bonds

Odinsa S.A. informs that the Board of Directors by decision adopted at the meeting held today, unanimously approved the repurchase and / or netting for up to one value of COP 279,250 million, of the ordinary bonds issued in 2017 and maturing next October 4.

Medellín, September 23, 2020

Odinsa reports progress in its road and airport projects following the safe reactivation of its work sites and operations

  • The road and airport concessions of Odinsa, a Grupo Argos company, have reactivated their operations and work sites with the highest safety standards, a sign of the company’s commitment to the timely delivery of the works of its concessioned projects and the efficient and responsible management of assets.
  • Approximately 123,000 passengers have traveled through Aeropuerto El Dorado in Bogotá since its commercial reactivation on September 1, and more than 110,000 passengers have gone through Aeropuerto Mariscal Sucre in Quito since June 1.
  • The Conexión Pacífico 2 project in Antioquia reports a progress of 92.08% in its execution, while in some sections of the Autopistas del Café, there is progress of 56% and 60%, thus meeting and even exceeding the stipulated schedules.

September 18, 2020 Odinsa, a Grupo Argos concessions company, advanced together with its concessions in the implementation of strict biosafety protocols in its road and airport projects, strictly following the guidelines provided by the health authorities and the national government. This has enabled the reactivation of activities and the reporting of significant advances in the execution of its works, thus ratifying its purpose of contributing to the connectivity, competitiveness and safe reactivation of the economy in the territories where it is operating.

Significant advances in airport concessions

Aeropuerto Internacional El Dorado , Bogotá

Colombia’s main air terminal resumed commercial operations on September 1, after closing in March due to the mandatory quarantine decreed by the national government, and after five months of preparation based on the highest biosafety procedures and standards. It currently has strict biosafety protocols and new technology that facilitates self-management and reduces interaction between passengers and service personnel, such as self-delivery of luggage, biometric and pre-security doors, and thermal cameras, facilitating mobility in safe conditions throughout the terminal.

In its first two weeks, the airport reported a positive assessment of the air operation in terms of passenger management, biosafety and departure and arrival experience. During this period approximately 1,300 flights have been operated with around 123,000 passengers; an average movement of 80 flights and about 7,700 passengers per day has been registered, carried out by 6 airlines, on the 14 routes authorized by the Mayor’s Office and the national government, where the cities with the highest demand are: Medellín, Cali, Pereira, Cartagena and Barranquilla.

As far as international flights, the airport will start the reactivation on September 21. The authorized destinations are: United States, Mexico, Dominican Republic, Brazil, Ecuador, Bolivia and Guatemala.

It should be noted that in August, El Dorado received three national and international certifications that endorse the implementation of its protocols and biosafety measures from the Ministry of Commerce, Industry and Tourism of Colombia; Bureau Veritas and the Airports Council International (ACI).

Aeropuerto Mariscal Sucre, Quito

This air terminal resumed commercial passenger flight operations on June 1, applying strict biosafety protocols and contributing to the reactivation of the economy and air transport in Ecuador in a safe and efficient manner.

In the first three months after reopening (Jun-Aug), Aeropuerto Mariscal Sucre mobilized more than 110,000 passengers, through the operation of 12 airlines and 15 domestic and international destinations. The routes between Quito and Guayaquil, on a domestic scale, and to Madrid and Miami, on an international scale, have the greatest demand.

In terms of certifications in biosafety measures and protocols, the airport was the first in South America to receive the Airport Health Accreditation (AHA), granted by the Airports Council International (ACI), for the actions taken to prioritize the health and safety of travelers and the airport community.

Significant advances in its road projects in Colombia

Conexión Pacífico 2, in Antioquia, will be one of the first 4G projects to finish the construction phase

This project, which is part of the Fourth Generation of Road Concessions in Colombia (4G), and which includes 96.5 kilometers in the sections between Primavera-La Pintada and La Pintada-Bolombolo, will enable the connection between the northern departments of the country, Antioquia, the Coffee-growing Region and the Pacific, and will promote Colombia’s competitiveness and connectivity.

Conexión Pacífico 2, recently certified as the first and only project in Colombia to receive the ISO certification in road safety from ICONTEC, has created more than 3,500 jobs in the region and is made up of five functional units (two of which have already been delivered: UF1 La Pintada-Puente Iglesias and UF5 La Pintada-Primavera). It currently reports a progress of 92.08%, in which two of its most iconic works stand out: the Mulatos Tunnel, made up of a length of 2.5 km and two single-lane road tubes – with a progress of 87.7%, and the bridge over the Cauca River, with a length of 485 meters, which already reports an execution of 92.55%.

In addition, in the last quarter of the year, the concession will provide the users of the roads with its new Operations Control Center, designed by Giancarlo Mazzanti, one of the best architects in Colombia. This new place also aims to become a space for community use that promotes integration and the implementation of various social and cultural activities.

Autopistas del Café, Coffee-growing Region

As part of this project, which connects the departments of Caldas, Risaralda and Quindío through 256 kilometers of roads, important works are being carried out to strengthen the connection of the Coffee-growing Region with all the operational standards and biosafety protocols.

Among them is the Industriales elevated bridge, located in the Postobón sector, in the municipality of Dosquebradas, which is in an axis for the connectivity of the metropolitan area of Pereira, on which about 8,000 vehicles transit daily. This intervention reports a progress of 60%. In turn, the El Jazmín intersection, which contributes to the connectivity between two main capitals such as Pereira and Manizales on the stretch from Santa Rosa de Cabal to Chinchiná, reached an execution of 56%, exceeding that stipulated in the schedule by 40%.

Finally, the Campoalegre road pair, which consists of the construction of an 850-meter second road in the Campoalegre sector of Chinchiná, as well as a 1,440-meter route that connects Tarapacá 1 (old road) and Tarapacá 2 (new road), reports an execution of 11% to date.

Thus, the Autopistas del Café project contributes to the country’s economic reactivation and progresses toward the materialization of these other works built with the surpluses of the concession tolls contained in Addendum 20 and agreed upon with the governments of the departments of the Coffee-growing Region and the National Infrastructure Agency (ANI, for the Spanish original).

Finally, Odinsa, the concessions company of Grupo Argos, indicated that it will continue working on the framework of its sustainability policy and in a cross-cutting manner, on all its road and airport concessions in Colombia, Ecuador, Dominican Republic and Aruba, to contribute to the connectivity, competitiveness and reactivation of the countries where it operates.


Download photos, videos and more information by clicking on the links below:

Autopistas del Café
I Progress of the Industriales Bridge I Progress of El Jazmín
Conexión Pacífico 2
Video work progress
Aeropuerto Mariscal Sucre
Click here
Aeropuerto El Dorado
Click here

For additional information about Odinsa, contact:
Viviana Arroyave, Communications Director / / 3176469218
Maria Luisa Concha, Communications Analyst / / 3214909926
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