MIO system crisis in Cali: Here’s how the attorney general seeks to avoid the company’s liquidation

There Office of the Attorney General of the Nation informed by a statement that an agreement has been reached between Metrocali and operators to avoid the liquidation of Western Integrated MassifME.

At these negotiation tables, which were attended by members of the district administration, the directors of Metrocalithere Prosecutor delegated to administrative conciliation and operators, several economic agreements have been created to save Cali city transit system.

“There attorney prevented the public transport system, millionin Cali, collapsed and affected millions of citizens, after managers and operators reached an agreement to pay the debts, thanks to the creation of working groups promoted by the Public Ministry ”, quote the statement.

At the same time, Metro Cali SApromised to make a $10 trillion payment on the more than $220 trillion debt it owes massive git. However, the attorney He said the economic deals were struck after what he called “a standoff” of interested parties.

“There have been arduous days of dialogue between the parties trying to find a way out of the specter of liquidation. The Prosecutor Delegate for Administrative Conciliation assisted and favored the realization of the agreements which made it possible to guarantee the payment of the debt for the year 2022 and the operation for the validity of 2023″, the statement continues.

Simultaneously, the attorney clarified that the dialogue tables also triggered the signing of the reorganization of Metrocali with its creditors, a situation that will allow the entity to strengthen financially, operationally and technically MIO.

It is important to take into account that the president of the organization, Óscar Ortiz, had announced in recent days the possible liquidation of Metrocali due to the lack of economic resources to pay the million dollar debt he had with Massive git.

“There attorneyin its preventive actions and in the more than seven round tables carried out to achieve the objective, underlined the will and the interest shown by the parties to reach a successful conclusion and continue to guarantee the transport service for the benefit of the citizens, District, operators and Metro Cali.”the statement concluded.

In the last hours Eduardo Bellini, director of the company black and whitedealer of EXPLOITmentioned in The country that operators are waiting for structural and definitive solutions for the system

“This agreement which has been concluded between massive git there Metrocali so that the company does not go into liquidation and the system can continue. We are waiting for this transformation of the system which has been Metrocali to save the EXPLOIT, and that these decisions lead to a definitive solution to the huge problem that public transport has in the city”, he says in the previously referenced media.

He also added that they hoped that draft agreement 180, which is being discussed within the Advice of the city, is structured in the best way and is of general knowledge so that the whole city and the operators can do the right follow-up. “It’s so that it really comes to fruition and it’s really the solution for transportation.”

It should be noted that the operators of the EXPLOIT They are owed $64 billion for the operation of 2022 and so far this year they have also not received all the resources, so some 200 buses are not running daily.

Then the Office of the Attorney General of the Nation pointed out that the entity was part of the worktables between Metrocali and operators to conclude agreements that allow the continuity of the EXPLOIT.

They added in the communiqué precisely the opposing interests in the framework of the negotiations, the Associate lawyer contributed to and favored the achievement of the agreements which made it possible to guarantee the payment of the debt for the year 2022 and the operation for the term 2023.

In order to give sustainability to the system and after reaching an agreement between the interested parties, the elaboration of the final payments has been generated, which will be carried out on three different dates. Payment terms are generated in the months of May, July and Novemberwould be signed with a maximum duration of 20 years and a grace period of 3 years.

”The idea is that METROCAL can implement all the actions that have been presented and that the Council approves the project to enter the path of sustainability”, said Oscar Ortiz, president of METROCALIn Snail radio.

In the month of November, the review of the pre-agreement will be generated and the final document will be obtained, in order to consider the conditions that work for the creditors and that allow to have the debt in less time.