Odinsa reports the reactivation of the Malla Vial del Meta Project after reaching an agreement with the National Infrastructure Agency.

Odinsa S.A, Grupo Argos concessions company, informs that after carrying out various work tables and seeking to contribute to the connectivity, competitiveness and economic and social development of Meta, the Concesión Vial de los Llanos S.A.S. (of which it is the majority shareholder with a 51% stake in the capital stock) and the National Infrastructure Agency (ANI) signed on January 8, 2021, amendment No. 10 to the Concession Contract No. 004 of 2015, which modifies the scope of the Malla Vial del Meta project in order to make it financially viable, in compliance with the postulates of good faith and preservation of the contract in accordance with the purposes pursued by state contracting.

In these working groups, which were accompanied by the General Comptroller of the Republic, the components of the Malla Vial del Meta project were rigorously analyzed, several alternatives were studied and finally, a new scope that makes the project viable and gives it continuity, was defined. This, benefit the department and its inhabitants.

With the subscription of amendment No. 10, the value of the contract was modified, going to $ 1,580,927,030,907 (values of December 2013), the value of the VPIP and the scope of the project were also modified, and includes now the construction and improvement of 267.4 km of roads and necessary works to strengthen connectivity in the Villavicencio – Granada and Villavicencio – Puerto Gaitán corridors, as well as the extension of the Villavicencio Road Ring.

As for the term of the contract, it remains as originally planned, that is, with a maximum term of 30 years, of which the first 5 years have already been completed.

Odinsa, recognizes and highlights the management carried out by the entities participating in the process, especially the National Infrastructure Agency, to make the continuation of the project viable. Likewise, the company reaffirms its commitment to continue working decisively, in conjunction with its Concession, to contribute to the competitiveness of the Meta department, with the development of this project under a comprehensive perspective that provides the infrastructure required for connectivity, contributes to the social development and promote environmental care.