March 10, 2026
Infrastructure

Medellin’s Long-Awaited ‘Tunel del Oriente’ Finally Opens; Connects to JMC Airport

Medellin Herald
After decades of delays, a new, COP$1.1 trillion (US$317 million), 24-kilometers-long highway — including Colombia’s longest tunnel – on August 15 opened to link Medellin directly to the Jose Maria Cordoba (JMC) international airport at Rionegro. According to Concesion Tunel Aburra-Oriente (CTAO, the project consortium involving 74 companies), the new highway —
Electric Power, Cement & Highway/Airport Concessions Giant Grupo Argos EBITDA Improves Year-on-Year
Companies

Grupo Argos 2Q Consolidated Net Income Dips 5.7%, but EBITDA Rises Year-on-Year

Medellin Herald
Medellin-based Grupo Argos – holding company for electric power producer Celsia, cement maker Cementos Argos and highway/airports concessionaire Odinsa – on August 12 reported a 5.7% year-on-year dip in second-quarter (2Q) 2019 net income, at COP$219 billion (US$63 million). However, 2Q 2019 earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18%
'Aburra Norte' Highway Concession in Antioquia
Companies

Construcciones El Condor Posts Net Loss for 2Q 2019

Medellin Herald
Medellin-based highway construction giant Construcciones El Condor on August 14 posted a special COP$13 billion (US$3.7 million) net loss for second quarter (2Q) 2019, but expects to recoup this accounting loss by year-end. “This loss is entirely associated with the result of the ‘Vías de las Américas’ [highway] concession, which will affect the company temporarily […]
Cementos Argos Cement Plant
Companies

Cementos Argos 2Q 2019 Profits Jump 150% Year-on-Year

Medellin Herald
Medellin-based multinational cement/concrete giant Cementos Argos announced August 12 that its second-quarter (2Q) 2019 net income hit COP$73 billion (US$21 million), from COP$29 billion (US$8.5 million) in 2Q 2018. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 44% year-on-year, to COP$475 billion (US$140 million), according to the company.
Professional services

Medellin’s ‘Portafolio Verde:’ International, Local Companies Match Mutually Beneficial Social, Environmental Projects with Local Collaborators

Medellin Herald
A growing list of major local and international companies operating in and around Medellin and throughout Colombia are turning to a novel “Portafolio Verde” (“green portfolio”) consultancy here for projects that are both “green” environmentally as well as financially. “Portafolio Verde” finds, designs and jump-starts innovative, sustainable environmental and social
Companies

ISA 2Q 2019 Net Income Jumps 89% Year-on-Year

Medellin Herald
Medellin-based multinational electric-power transmission builder/operator and highway concessions giant ISA announced August 6 that its second quarter (2Q) net income soared 89% year-on-year, to COP$439 billion (US$128 million). “This variation was due to higher revenues from the entry into operation of new projects, the incorporation of the 50% of IESUL [a Brazilian

Post Gallery

Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.

medellin.herald@gmail.com

COL (4) 386 06 27

USA (1) 305 517 76 35

Medellin, Antioquia, Colombia

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

 

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

 

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the “contact” section.