Since September 2020, Odinsa S.A. started conversations with the national government of the Dominican Republic, motivated by the interest of this government to review its concessions model, with mechanisms that respect the legal security of concessionaires, shareholders and local and foreign investors, multilateral banks and other interest groups participating in the model today.
Odinsa S.A. informs that today its Board of Directors, through the written voting mechanism, unanimously authorized the Legal Representative to carry out negotiations with the Dominican State that lead to establishing the terms and conditions under which the companies Autopistas del Nordeste S.A. and Boulevard Turístico del Atlántico S.A., as Concessionaires, sign an Agreement for the eventual termination of the existing concession contract, prior to the fulfillment of a series of precedent conditions.
The agreement would represent the will and decision of the concessionaires and the Dominican authorities to find a satisfactory solution for the interest of both parties, which at the same time preserves stability and legal security, essential elements for an adequate investment climate.
Odinsa S.A. has direct and indirect participation in Autopistas del Nordeste S.A. and Boulevard Turístico del Atlántico S.A.