Odinsa S.A. informs that the Financial Superintendency of Colombia, through Resolution No. 0961 of 2020, imposed in the first instance, the following fines on the legal representative of the company.
Archive for year: 2020
- As part of the visit to Pacífico 2, the President of Colombia observed the progress of the Cauca Bridges, an important and iconic work of the project that has become a new milestone. It is made up of 490-meter bridges that rise up to 112 meters over the Cauca River, a little more than half the height of the Colpatria Tower in Bogotá.
- Also, in an official act chaired by the President of Colombia, the Minister of Transport and the President of ANI, together with Grupo Argos, Odinsa and La Pintada concession, which is in charge of the project, the inauguration of the new Operations Control Center of Pacífico 2 was held.
- Conexión Pacífico 2 currently reports a completion of 93.46%, positioning itself among the first 4G road concessions projects to finish the construction stage
October 9, 2020. Grupo Argos and its concession company Odinsa continue making progress in their goal to contribute to the country’s connectivity and competitiveness. This Friday, the companies, along with their La Pintada Concession, in charge of the Conexión Pacífico 2 Project in Antioquia, reported the achievement of two new construction milestones through which the project is steadily making progress in its execution and contribution to the region’s development:
The closing of key segments of the Cauca Bridges is a great engineering milestone of the Pacífico 2 project in which both work fronts, advancing from each end of the bridge, met, thus enabling transit from one side to the other.
This important and iconic work of the project is made up of 490-meter bridges that rise up to 112 meters over the Cauca River, a little more than half the height of the Colpatria Tower in Bogotá.
The closing of key segments of the bridge is a very important step in the mission to connect the southern, central and northern regions of the country, with works that meet the highest quality standards to contribute to the connectivity, development and competitiveness of Colombia.
Pacífico 2 Operations Control Center
Additionally, the President of Colombia inaugurated the new Operations Control Center, which will operate as a space for community use to promote the integration and implementation of various social and cultural activities.
It is an infrastructure designed by renowned Colombian architect Giancarlo Mazzanti, inspired by the region’s coffee plantations and whose highly visible red deck makes it an aerial landmark.
The CCO is equipped with modern technology tools to monitor the safety of road users and will also become a place of community use for various social, cultural and educational activities such as farmer’s markets and tourism circuits, among others.
The new work was officially inaugurated in an event chaired by the companies, the President of Colombia, Iván Duque Márquez, the Minister of Transport, Ángela María Orozco and the President of the ANI, Manuel Felipe Gutiérrez, attended by the Governor of Antioquia and the mayors of the municipalities neighboring the project and representatives of other entities.
“The Conexión Pacífico II project is a forceful and tangible demonstration of Grupo Argos’ confidence in the country, in institutionality and in the boost to infrastructure led by the Colombian Government. Through Grupo Argos, we will continue to promote transformational projects that create social value and contribute to economic revitalization and rapid reactivation,” said Jorge Mario Velasquez, CEO of Grupo Argos.
“We celebrate this new milestone of engineering, sustainability and social management achieved by Conexión Pacífico 2, a project that has contributed to the connectivity of the region, its social and economic development and its environmental protection” said, Mauricio Ossa, CEO of Odinsa.
These milestones are added to the outstanding management of the project throughout its execution in which it has created more than 3,500 jobs and achieved other important goals in terms of financing, operations, infrastructure, and social and environmental management.
Odinsa S.A. informs that for the eighth consecutive year and in its capacity as a fixed income issuer, the IR Committee of the Colombian Stock Exchange (BVC), granted it the IR Issuers Recognition “Investor Relations IR”, which certifies the voluntary adoption of the best practices required by the Colombian Stock Exchange regarding information disclosure and investor relations. This recognition is granted after an evaluation process has been carried out by an independent entity such as the Center for Higher Administration Studies (CESA).
Odinsa continues to promote in its sector the implementation of good practices that guarantee that both investors and public opinion are aware of the financial status of the company and each of its concessions in a transparent manner.
This ratification of the Stock Exchange, to the Grupo Argos concessions company, shows the confidence that the company awakens in the financial sector and the transparency and responsible management that it transfers to its projects.
The IR Recognition granted by the BVC does not represent by that entity a certification on the goodness of the registered securities.
Medellín October 6, 2020
- Odinsa, the Grupo Argos concessions company, commemorates the World Water, Animal and Habitat Days by working resolutely on the mitigation of climate change and the protection of water and biodiversity
- Sustainability is a fundamental pillar of the Company’s strategy, which is why it designs, adapts, implements and shares with its road and airport concessions the best practices for generating shared value.
- Resilient and low-carbon infrastructure, identification and protection of wildlife, management of water and natural resources, and planting trees in exchange for toll payment are some of the actions taken as part of its commitment.
October 5, 2020 Odinsa, the Grupo Argos concessions company, continues to advance steadily in its sustainability strategy, under which it is implementing various mitigation, compensation, adaptation and conservation initiatives in its road and airport concessions in accordance with the priorities of the regions, in order to address climate change and protect ecosystems.
“We are working with conviction and commitment, promoting good practices as part of our proposal to create value and manage projects in a responsible manner, in the pursuit of sustainable growth and environmental care” said Mauricio Ossa, Odinsa’s CEO.
The company commemorates the World Water, Animal and Habitat Days by working resolutely on the mitigation and adaptation to climate change and the protection of biodiversity and water resources, contributing to their conservation, using them rationally and fostering their value as a natural and tourist heritage for communities and their development. Some of the activities and projects recently implemented and underway are highlighted below:
The Protection of Biodiversity, a Top Priority
The company protects places of high value to flora and fauna, and prevents, mitigates and offsets interventions in ecosystems.
- Its Fourth Generation (4G) Conexión Pacífico 2 road project in Antioquia has positioned itself as a pioneer in wildlife crossings in Colombia and in road ecology, as it is currently building 25 wildlife crossings and conducting studies associated with artificial intelligence to monitor and identify the species that cohabit in the project’s area of influence and predict points where wildlife could be run over.
- Additionally, Pacífico 2 promoted the creation of the first Habitat Bank in Antioquia, second in the country, approved by the Ministry of the Environment consisting of 800 ha, of which the project will acquire 400 ha for offsetting. By 2028, it expects to comply with the plan for offsetting 2,000 ha and the conservation and restoration of 11,000 ha of strategic ecosystems through voluntary actions and agreements with partners in the region. As part of this goal, the concession contributes to the protection of the tropical dry forest and has provided for a 30% increase in the existing coverage, adding 2,050 hectares to the little more than 6,000 hectares existing at present.
- Currently, Pacífico 2 is working on the development of a Tropical Dry Forest (TDF) Training and Research Center in La Pintada, which will contribute to the production and strengthening of technical and scientific capacities in the region, for its sustainability and adaptation to climate change. It will have spaces open to the community and universities, an environmental classroom, and will develop a productive and scientific nursery that will contribute to plant production, the generation of knowledge about the TDF and research.
- In turn, with the aim of contributing to the reforestation of the region, and the mitigation and adaptation to climate change, between August and September, Autopistas del Café and Conexión Pacífico 2 launched the environmental initiative: A Toll for a Tree. A pilot project through which users were invited to request the planting of a tree on their behalf by attaching the photo of their toll receipt. As part of this pilot, each concession planted 1,000 trees from native species.
Contributing to the Availability and Quality of Water, a Vital Issue
The company measures its water footprint in concessions and projects on an annual basis and executes plans for the optimization of its consumption and reuse.
- Currently, its road project Conexión Pacífico 2 in Antioquia is carrying out conservation and voluntary reforestation actions in the basins of the Cartama, Piedras and Mulatos Rivers in Antioquia, in strategic areas of ecosystem services by planting more than 240,000 trees in the last year, as part of its goal of reaching 11,000 voluntary hectares for the protection of these basins that supply the communities in the region.
- Autopistas del Café, in the Coffee-growing Region, has reforested 25 hectares with more than 27,500 endemic trees of the region, with the aim of protecting the Quindio River Basin, benefiting the water supply of the municipalities of La Tebaida, Circasia, Salento and Armenia in Quindio. Additionally, the National Environmental Licensing Agency (ANLA, for the Spanish original) approved the construction of a wastewater treatment plant in the District of Tribunas in Pereira, which will benefit more than 2,000 people, in addition to the construction of 179 individual septic systems in Manizales, Santa Rosa, Salento and Filandia. Also, Autopistas del Café installed a hydrometeorological station in the El Rosario Stream in Manizales and delivered two more stations to the Quindío environmental authorities, with the objective of monitoring and controlling the flows and rainfall of the basins that supply the aqueducts of a large part of Quindío, being an important instrument for the generation of early warnings of flash flooding for timely evacuations.
- El Dorado International Airport has a Rainwater Treatment Plant that allows it to harness and recirculate the treated water, which is used in the batteries of restrooms of the entire terminal. It treats more than 25,000 m3 of rainwater per year, which is equivalent to the hydration of more than half a million people in the same period of time.
Tackling Climate Change, a Mission
Odinsa contributes to the transition to a low-carbon development model with resilient infrastructure and the implementation of systems for the measurement, offsetting and mitigation of carbon emissions. The Company is currently defining its emissions reduction targets, projected under the Paris Agreement scenarios for the years 2025 and 2030.
- Aeropuerto El Dorado, in a partnership with Celsia, completed the largest photovoltaic installation in air terminals in Latin America with a system of 10,369 solar panels already in operation, which will stop the emission of 1,375 tons of CO2, equivalent to the carbon captured by 76 thousand mature trees
- Additionally, El Dorado implemented the Science Based Targets© methodology so that the objectives and targets adopted by the airport to reduce greenhouse gas (GHG) emissions are in line with the latest climate science and contribute to meeting the objectives of the Paris Agreement 2015.
- Aeropuerto Mariscal Sucre was consolidated as the first terminal in Latin America to validate its carbon neutrality granted by the Airport Carbon Association of the Airports Council International (ACI) and Aeropuerto El Dorado received the Level 2 Reduction Certification for reducing the intensity of its emissions.
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, in the development and implementation of good practices that drive competitiveness, create shared value and promote environmental care.
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