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In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
22 July 2024In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read moreThe Túnel de Oriente is one of the main engineering works in Colombia and a relevant asset for Grupo Argos due to its ability to generate value for the inhabitants of Antioquia and boost the competitiveness of the region. Since its inauguration in 2019, the concession has mobilized more than 15 million vehicles, consolidating itself as one of the most relevant road corridors in the department.
This vehicle corridor is the longest excavated on the continent and includes 58 kilometers of roads that connect the Aburrá Valley and the San Nicolás Valley, achieving a 60% reduction in travel time. Since its inauguration, the concession has exceeded the initial vehicular traffic forecast and in December 2021 it closed with a daily average of 39,000 vehicles.
In 2021, the concession achieved the issuance of bonds in the Colombian capital market. Issuance amounted to COP 700,000 million, with an excess demand that reached COP 1.1 trillion. With this initiative, the Túnel de Oriente became the first concession to use this mechanism, opening an important door in the market to finance infrastructure projects.
In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read more100.000 people in 18 departments of the country can now enjoy safe drinking water thanks to the water security efforts of Grupo Argos Foundation
Read moreGrupo Argos Foundation, Presentes, and Comfama have launched a donation campaign to support the community of Venecia in response to the disaster caused by a winter storm
Read moreGrupo Empresarial Argos has intervened in over 8,400 hectares through mandatory compensation processes and more than 20,000 hectares in voluntary programs
Read moreCompanies within Grupo Empresarial Argos have executed over USD 100 million in their share repurchase programs
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