Odinsa achieves refinancing of its concession Pacífico 2 for COP 840 billion, by obtaining a loan with social certification

  • The project was assessed by the French firm Vigeo Eiris, a world leading organization specializing in environmental, social and governance (ESG) research and benchmarking, which issued a social certification to the concession to obtain this funding.
  • La Pintada concession, which manages the 4G project Pacífico 2, signed a loan agreement for COP 840 billion with two important financial institutions: Bancolombia and Davivienda.
  • The signing of this agreement reaffirms the commitment of the Concession and Odinsa to the development of the country and the communities, which is materialized through the social and environmental contribution made by the concession to the territory.

Medellín, May 9, 2022. Odinsa, the concessions company of Grupo Argos, reported today a new milestone in the Fourth Generation project Conexión Pacífico 2, with the refinancing with social certification and signing of the respective loan agreement in the amount of COP 840 billion with two important Colombian financial institutions: Bancolombia and Davivienda. This process was carried out with advisory from Grupo Bancolombia Capital and Itaú.

In order to obtain the social certification, the project was assessed by the French firm Vigeo Eiris, a world leading organization specializing in environmental, social and governance (ESG) research and benchmarking, based on the analysis of social, environmental and governance factors associated with the performance of infrastructure projects, which motivated these entities to close the financial agreement.

“At Odinsa and our concessions we work decidedly for sustainability, and for this reason we are pleased that the social and environmental management of Pacífico 2 has obtained recognition and enabled our concession to obtain a loan with these characteristics,” said Mauricio Ossa, CEO of Odinsa.

The assessment carried out recognizes the actions implemented by the Concession in the social area through the promotion of production initiatives that contribute to strengthening capabilities in the territory and to local and regional development. 

The project has created over 3,500 jobs, especially during the construction stage, and with investments of over COP 1.5 billion it has implemented a number of social initiatives aimed at supporting small and medium-sized enterprises in the region, including: holding a Business Round for entrepreneurs, organizing Farmer Markets and the implementation of the program “Suroeste Compra Suroeste” (southwest buys southwest); through which 175 local business ventures have received support to strengthen commercial aspects, and the creation of 356 formal jobs to promote new income for the community and drive the local economy. It has also trained community members in environmental and tourism aspects, in order to transfer knowledge and build capabilities.

Additionally, the Operations Control Center (OCC) –Plaza del Cauca– winner of the ODA 2022 Award granted by the publication ArchDaily, positioned Pacífico 2 as a benchmark for 4G projects for being a space that facilitates the promotion of social entrepreneurship and job creation, operating as a venue for forums, fairs, business rounds, band contests, farmer markets, training,  photography exhibitions, as well as cultural events organized by the communities and local and regional administrations.

Additionally, regarding the environment, it has worked on the conservation and care of strategic ecosystems for the territory, standing out for the implementation of programs and activities such as:  planting of 240,000 trees as part of a conservation and reforestation plan; its recognition as the pioneering concession in Colombia with 25 wildlife crossings; the structuring of a training and research center for the tropical dry forest; and the establishment of the Alianza Cartama Sostenible which, along with major partners, aims to recover 11,000 hectares of strategic ecosystems that supply the water systems of the municipalities in the area of influence.

“At Bancolombia we are committed to promoting sustainable economic development to achieve well-being for all, and one of the ways in which we materialize this is by assisting infrastructure works that not only promote the competitiveness of the regions, but also care for their environmental and social impact, as is the case of Pacífico 2,” said Juan Carlos Mora, CEO of Bancolombia.

“We have been in Pacifico 2 since the initial financial closing 5 years ago, and today we reiterate our participation through this refinancing, which aims to continue supporting development in the country and the improvement of its competitiveness,” said Rodrigo Arango, Vice President of Corporate Commercial Banking at Banco Davivienda.

This new milestone undoubtedly reaffirms the confidence of the market in the project and the infrastructure sector, and it is the result of great joint work by different participants who have made possible the development of Pacífico 2, a flagship project for Colombian engineering that represents development, connectivity and well-being for the country and the communities in the area of influence.

More about Conexión Pacífico 2

With investments for COP 1.3 trillion, Pacífico 2 consists of a corridor of 96.5 kilometers that includes the sections between Primavera-La Pintada and La Pintada-Bolombolo, in Antioquia, with iconic works developed by Colombian engineers such as the 2.5-kilometer-long Mulatos Tunnel; the Cauca Bridges that stand 112 meters above the Cauca River, and the Operations Control Center (Plaza del Cauca), which has become a benchmark for projects of this type because it is a space for community use that promotes integration and performance of various social and cultural activities.

This corridor will drive the competitiveness of the region and the country by connecting the supplies and production centers of northern Colombia with Antioquia, the coffee growing axis, the Cauca Valley and the Pacific region.

For additional information contact:

Viviana Arroyave, Communications Director / varroyave@odinsa.com / 3176469218

Luisa Díaz, Communications Analyst / luisadiaz@dattis.com / 322 366 4488

Visit www.odinsa.com  and our social networks @SomosOdinsa on Twitter I Odinsa on LinkedIn

Odinsa achieves the financial closing of its 4G project Malla Vial del Meta with national institutions, which confirms their confidence in the country’s infrastructure

  • Odinsa, the concessions company of Grupo Argos, obtained financing for COP 590 billion through the institutions Financiera de Desarrollo Nacional (FDN), Bancolombia and Davivienda.
  • This important milestone clears the way for signing the certificate of commencement for the project and to move forward in its performance within the established terms to drive the department’s competitiveness and development. 
  • Total investment in the project will be COP 1.6 trillion for the construction, operation and maintenance of 267.5 kilometers of roads and will create approximately 4,800 direct and indirect jobs.
  • The project is currently making satisfactory progress on the prioritized works, which were initiated early in 2021: the road pair La Cuncia and the access roads to Puente Yucao. 

Medellín, April 2022. Odinsa, the concessions company of Grupo Argos, continues to move forward in its objective of contributing to the competitiveness of the department of Meta and the country. The Company completed the financial closing of its project Malla Vial del Meta with three important banking institutions: Financiera de Desarrollo Nacional (FDN), Bancolombia and Davivienda, in the amount of COP 590 billion.

Completion of the financial closing of this 4G project, which consists of 267.5 km of roads, clears the way for signing the certificate of commencement to begin the construction stage, ensuring the cash flows to move the works forward at a good pace and thereby improve the mobility in the corridors Villavicencio–Granada and Villavicencio–Puerto Gaitán and Anillo Vial de Villavicencio, with 7.25 km of new roads, 26 km of a second lane, 3 km of improvements, 10,9 km of bike paths and other works such as vehicle and pedestrian bridges.

“This closing of our project Malla Vial del Meta strengthens the confidence of the financial sector in Colombia and its infrastructure projects, confirming them as a driver for the country’s development, reactivation and competitiveness,” said Mauricio Ossa, CEO of Odinsa, the majority shareholder of Malla Vial del Meta.

“This good news will enable us to continue moving forward in the connectivity of the region and to continue developing our project’s work plan, to contribute to the well-being of Meta and its inhabitants,” said Gustavo Ordoñez, Vice-president of Road Concessions of Odinsa.

Malla Vial del Meta will directly benefit close to one million residents of the municipalities of Villavicencio, Acacías, Guamal, San Martín, Granada, Puerto López and Puerto Gaitán, as well as the residents and users in neighboring towns to the area of influence. It will help to significantly reduce the traffic of tractor trailers on the inner city roads of Villavicencio; reduce operating costs and travel times; and create approximately 4,800 direct and indirect jobs during the construction stage.

It will additionally help drive the economy, tourism and mobility of Meta, considering that significant industrial livestock and pig farming activities are currently carried out in the department, which also makes a substantial contribution to Colombia’s agriculture with approximately 18,000 hectares planted with sugar cane, 16,000 of natural rubber and 8,000 of oil palm. These factors make the region one of the most important for the transportation and trading of food products.

Once the certificate of commencement is signed, works will begin on the sections Granada- Guamal; Guamal- Acacías -La Cuncia and La Cuncia-Ciudad Porfía, to later begin the scheduled works on the other sections of the project. It should be recalled that once the project was reactivated in 2021, construction began early on two top priority works, which to date are making satisfactory progress with a 60% completion rate, and which have created close to 100 jobs in the region: the road pair of La Cuncia, near the Guayuriba River, in the corridor Villavicencio – Acacías, and the access roads to Puente Yucao, between Puerto López and Puerto Gaitán.

Odinsa, jointly with its Concesión Vial de los Llanos and the National Infrastructure Agency, will continue to work decidedly and with a high level of commitment, to contribute to the development of the region and to drive the competitiveness of the department and the country.   

Operations Control Center of Pacífico 2 and Mazzanti won ArchDaily’s ODA 2020 international architecture award

  • This iconic work, designed by the prominent Colombian architect Giancarlo Mazzanti, came in first place from among close to 1,000 architecture projects submitted in Latin America and Spain.
  • It received the award for being an architectural work that contributes to solving local needs and improves the quality of life of the residents of southeast Antioquia.
  • Odinsa, the majority shareholder of Pacífico 2, congratulated the Mazzanti team and its La Pintada concession for this award, which represents a recognition to its commitment to developing sustainable infrastructure. 
  • The Operations Control Center, currently known as Plaza del Cauca, is a space for community use that set a milestone in the development of fourth generation (4G) infrastructure projects in the country.

Medellín, April 2022. Odinsa, the concessions company of Grupo Argos, reported that the Operations Control Center (OCC) of its 4G project Pacífico 2, designed by the prominent Colombian architect Giancarlo Mazzanti, won the first place in the 2022 Work of the Year Award (ODA, by the Spanish original), granted by the publisher ArchDaily.

The OCC, currently known as Plaza del Cauca, has become a milestone for the Colombian infrastructure industry. It was a project that made a difference in road projects of this type, because in addition to being a monitoring center equipped with modern technological tools to ensure the safe travel of highway users, it was conceived and developed as a space for community use at the service of all residents from the region. It includes event plazas, restaurants, parking lots, offices available to the territory and areas for meetings and various social, economic, cultural and educational activities, with the aim of promoting sustainable development in southeast Antioquia.

Mazzanti’s design is inspired in the coffee farms of the region and features a highly visible red roof that makes it a reference point from the air. In addition to its leading edge technology, Plaza del Cauca incorporates self-sustainable features such as a high roof separated from the main building that offers a large shaded area with good air flow, as well as native species from the region that contribute shade and humidity, significantly reducing the need for mechanical refrigeration systems and energy consumption, to contribute to the mitigation of climate change.

Since its inauguration, it has hosted over 60 events carried out by the communities, local and regional administrations, the concession in charge of the project, companies from different industries and other entities, including forums, fairs, business rounds, band contests, farmer markets, training events, photography exhibitions and cultural events, which have promoted strengthening of the social fabric, transfer of knowledge and economic reactivation.

Its design foresees the development of a second stage involving the construction of a community garden, walkways, sports courts, green areas for group classes and games, and retail stands for farmer markets.

Read more about the award at: https://www.archdaily.co/co/979426/conoce-los-proyectos-ganadores-de-la-obra-del-ano-2022

For additional information contact:

Viviana Arroyave, Communications Director / varroyave@odinsa.com / 3176469218

Ana Catalina Castañeda, Communications Leader at La Pintada concession/acastaneda@concesionlapintada.com/ 300 6122249

Visit www.odinsa.com  and our social networks @SomosOdinsa on Twitter I Odinsa on LinkedIn

Odinsa, the concessions company of Grupo Argos, delivered Pacífico 2, one of the first fully operational Fourth Generation (4G) projects in the country

The delivery of the Fourth Generation project Pacífico 2 drives the development of Colombia’s infrastructure, its reactivation and competitiveness

  • Pacífico 2 continues to position itself among the first 4G road concession projects to complete the construction stage.
  • The project will facilitate strategic connections between Colombia’s northern departments, Antioquia, the coffee growing axis and the Pacific region, and will drive Colombia’s competitiveness. 
  • Grupo Argos and its concessions company Odinsa, the main shareholder of Pacífico 2, deliver to the country a project that was comprehensively developed in a manner that represents its sustainability vision, becoming a benchmark in Colombia.

Medellín, October 15, 2021.Grupo Argos and Odinsa continue to make progress towards their goal of contributing to the country’s connectivity and competitiveness. On Friday, October 15, 100% of the works of Conexión Pacífico 2, in Antioquia, were delivered, which makes it one of the first Fourth Generation (4G) projects to be delivered to the country, an important milestone for the sector and for Colombia. 

It was inaugurated by the President of the Republic, Iván Duque Márquez, at an event with the participation of the Vice-president and Foreign Relations Minister, Marta Lucía Ramírez; the Transportation Minister, Ángela María Orozco; the President of the National Infrastructure Agency, Manuel Felipe Gutiérrez; representatives of the  project partners and the CEO of the concession responsible for the project; the Governor (d) of Antioquia; the mayors of the municipalities in the area of influence and representatives from other entities and project stakeholders.

As a result of this successful public-private partnership, and following investments of COP 1.3 trillion, the entities have made available to the country a corridor of 96.5 kilometers that covers the sections between Primavera-La Pintada and La Pintada-Bolombolo, in Antioquia, which in combination with the concessions that are part of this corridor, will reduce travel times by 45% and will facilitate the strategic connection between the departments of northern Colombia, Antioquia, the coffee growing axis and the Pacific region, driving competitiveness and economic reactivation. 

“” said Jorge Mario Velásquez, CEO of Grupo Argos.

This 4G project created approximately 3,500 direct jobs during the construction stage and over 14,000 indirect jobs; it made investments in social programs for over COP 1.5 trillion, and stood out for its environmental management and joint work with the communities of the 11 municipalities in its area of influence, which substantially contributed to building the social fabric, the promotion of production and tourism initiatives, and to the development of capabilities in the territory through the implementation of several programs and partnerships.

Pacífico 2 represents a transformation that creates social and environmental value. It is a project that materializes our vision and commitment to sustainability, that drives the development and connectivity of the regions by providing the country the infrastructure it requires to strengthen its competitiveness,” said Mauricio Ossa, CEO of Odinsa.

Over the duration of the project’s execution, Pacífico 2 has delivered positive results and attained major achievements on several fronts:

  • Financing: The engagement of international entities in financing the 4G program; fifth project with disbursement and winner of the Best Loan award of LatinFinance’s Project & Infrastructure Finance Awards for its financial process and successful financial closing.
  • Infrastructure: It delivered the first completely functional unit of a 4G project; it used prefabricated components to shorten construction times and allocated resources for iconic works such as the Cauca Bridges, with a height of 112 meters above the Cauca River.
  • Social management: Continuous implementation of programs jointly with the communities and stakeholders. Delivery of a unique Operations Control Center in Colombia, conceived for use by the community and to drive the local economy and entrepreneurship. 
  • Environmental management: Pioneer in wildlife crossings and developer of the Tropical Dry Forest Research Center to care for and protect biodiversity.
  • Traffic: The first concession in the country with certified road safety by Icontec and originator of the national road safety campaign “Por la Vía Voy Seguro”.

Upon completion of construction, the project moves on to the operation and maintenance stage, during which work will continue jointly with partners and stakeholders under the highest sustainability standards, incorporating experience and best practices to continue promoting road safety; contributing to social and economic strengthening; creating opportunities for development and providing an excellent experience to users who travel through one of Colombia’s most important regions. Some of the most significant works of the project include: