Grupo Argos and its concession company Odinsa highlight two new milestones of their 4G Conexión Pacífico 2 road project, which has reached a completion rate of 93.47%

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  • 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:

Cauca Bridges

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 ratifies its commitment to sustainability with concrete actions to protect ecosystems and mitigate climate change

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  • 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.

With demand for over COP 436 billion, Odinsa successfully closed its ordinary bond issue in the amount of COP 280 billion.

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  • The active participation of both institutional investors and individuals demonstrates their confidence in the company and in its long-term strategic vision, as well as investor interest in the Colombian infrastructure sector.
  • The backing of Grupo Argos, as controlling shareholder of Odinsa, enhanced investor confidence in the transaction.

Medellín, October 2, 2020. Today, October 2, 2020, Odinsa –the Grupo Argos concessions company– successfully completed a COP 280 billion ordinary bond issuance in the public securities market, obtaining positive response from the market, with total demand and offers for the bonds greater than the issuance amount.

The company received offers for COP 436,805 million, demonstrating investor confidence in its strategy, which focuses on contributing to regional connectivity and competitiveness through the effective management of its road and airport projects and its decided efforts to bring to fruition private initiatives, with the aim of contributing to the creation of development opportunities in the country and the region.

“This positive market response towards our issuance ratifies confidence and backing for our management approach and interest in the infrastructure sector, and it reaffirms our commitment to developing projects that will have a positive impact on the competitiveness of Colombia and the region,” said Mauricio Ossa, CEO of Odinsa.

The resources obtained will be used to replace ordinary bond liabilities issued in 2017, which mature on October 4, 2020. This bond issue and placement provides the company greater financial flexibility to continue strengthening its position in the industry and maintaining growth under a structured financing arrangement.

The issuance was led by Banca de Inversión Bancolombia S.A. Corporación Financiera in the capacity of Structuring Agent, Valores Bancolombia S.A. Comisionista de Bolsa as Lead Placement Agent, Credicorp Capital Colombia S.A. as Placement Agent and the firm Posse Herrera Ruiz as legal consultants.

The following are the details of the bond issue:

Sub-series A3
Term 3 years
Indexation Fixed rate
Issue date October 2, 2020
Maturity date October 2, 2023
Maximum yield offered in the issuance notice 5.80%
Cut-off rate 5.20%
Periodicity of interest payments QA
Base 365
Amortization of principal At maturity
Interest payment dates January 2, April 2, July 2, October 2, from the issue date to the maturity date
Amount of demand (COP, millions) COP 436,805
Amount awarded (COP, millions) COP 280,000

Currently, Odinsa, the concessions company of Grupo Argos, has a robust and diversified portfolio comprised by 7 road concessions and 2 airport concessions in Colombia, Ecuador, Dominican Republic and Aruba, which are responsibly managed, contributing to shared value creation and long-term sustainable growth.

For additional information about Odinsa, contact: Viviana Arroyave, Communications Director / varroyave@odinsa.com / 3176469218

Maria Luisa Concha, Communications Analyst / mariaconcha@dattis.com / 3214909926

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

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

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  • 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.

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

Photos:
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Autopistas del Café
I Progress of the Industriales Bridge I Progress of El Jazmín
Conexión Pacífico 2
Video work progress
Aeropuerto Mariscal Sucre
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Aeropuerto El Dorado
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For additional information about Odinsa, contact:
Viviana Arroyave, Communications Director / varroyave@odinsa.com / 3176469218
Maria Luisa Concha, Communications Analyst / mariaconcha@dattis.com / 3214909926
Visit www.odinsa.com and our social media @SomosOdinsa on Twitter I Odinsa on LinkedIn