Odinsa
{{Infobox company
| name = Grupo Odinsa S.A.
| logo = 
| type = Sociedad Anónima
| traded_as = BVC: ODINSA
| foundation = 1992[1]
| location = Bogotá, Colombia
| key_people = Victor Manuel Cruz Vega, (CEO)
| industry = construction
infrastructure
transport
| revenue = 
227.4 million (2010)
| net_income = {{increase]} 64.0 million (2010)
| assets =
| num_employees =
| divisions = Odinsa Holding Inc.
| homepage = www.odinsa.com
}}
Organizacion de Ingenieria Internacional (Odinsa) is a large Colombian construction and infrastructure development publicly traded company (the largest engineering association in Colombia).[2] It engages in road, highway, airport (about 18% of total sales)[3] and railway building in addition to real estate and private/public grant projects (through concessions). Real estate projects are through subsidiary Odinsa Holding Inc. The company also does business outside of Colombia, mostly in the Dominican Republic and and other parts of the Caribbean. In 2002 it participated in a Social Interest Housing Project (50% interest) which built 450 homes.[1]
Odinsa is considered one of the eight "leading operators of transportation infrastructure worldwide".[4] On September 14, 2010 it had a market cap of $US549.45 million[5] (based on exchange rate of 1908.51 COP/1 USD).
According to the 2010 global competitiveness report Colombia's public infrastructure quality (railroads, ports and especially roads) is among the worst in South America, meaning that companies like Odinsa should continue to be in high demand (the company had a backlog of 1.2 billion USD in 2010 up 20% over the previous year).[6] It has benefited from the easing up by the government of control restrictions on foreign investment in the country.[7]
Grupo Odinsa Projects
As of 2010-2011 the company has both minor and controlling interests in a number of large projects in Colombia, the Dominican Republic, Panama and Chile.[3] In addition to the following business lines the company is also involved in projects having to do with electrical power generation (mostly in Panama and Chile), public services infrastructure, and real estate projects. Business associated with construction generates about half of Odinsa's revenue.[3]
Transport Infrastructure - 20 year contract with the El Dorado International Airport, 30 year contract to develop and manage the main railroad network in Colombia, was sold in 2006.
Urban Transport and Infrastructure - 7 year contract to build and maintain a 2.5 km stretch of road in Bogota City.
Telecommunications and Infrastructure - 6 year contract with E-America to help with the installation of internet service stations which serve all parts of Colombia.[1]
Competition
The group competes with numerous international companies for consessions contracts and other types of business. Among its largest competitors are Obrascon Huarte Lain, Impregilo, Odebrecht and the China Railway Shisiju Group Corporation.
References
- ^ a b c Odinsa 2008 Report
- ^ "Latin America:its future in the global economy". 2002.
- ^ a b c "Grupo Odinsa S.A". 2010-09-14.
{{cite web}}: Unknown parameter|source=ignored (help) - ^ "Strong Investor Interest in First Toll Road Project Under Puerto Rieco Public-Private Partnership". 2010-08-02.
- ^ Cite error: The named reference
interwas invoked but never defined (see the help page). - ^ Global Competitiveness Report full report 2010-2011
- ^ "Colombia Stocks Gain After Capital Controls Abolished". 2008-09-01.
