- Following an agreement between the District Administration and the Ministry of Finance and Public Credit, Empresas Municipales de Cali (Emcali) would stop making quarterly capital payments of $88,000 million plus interest and would start paying $17,086 million plus interest, as of May 5 of 2024.
Santiago de Cali, May 3, 2024
From the first day of government, the mayor of Santiago de Cali, Alejandro Eder, and the General Manager of Municipal Companies of Cali, Roger Mina, set the objective of refinancing the debt that Emcali has with the Nation for a value of $615,091 million as a result of the Cañaveralejo WWTP project.
On Thursday, May 2, the District Mayor’s Office and the Municipal Companies of the city announced to the people of Cali an important agreement with the Ministry of Finance and Public Credit, which consists of the reduction of quarterly capital installments, going from $88,000 million to $17,086 million as of May 5.
(Also read: Cali recovers with social investment: 10,161 children benefited in the Transformation Units and more than 1,000 people in job selection processes)
This agreement not only represents a vote of confidence in the District Administration, but will allow Emcali to continue promoting its strategy for the financial recovery of a company that belongs to the people of Cali, strengthen future aqueduct and sewage projects and increase its operational efficiency.
“This agreement with the National Government and thanks to the management of Mayor Alejandro Eder, represents a great achievement to recover the public company of the people of Cali. It will allow us to free up the necessary resources to advance important investments in the company’s three strategic business units. In parallel, we continue working on the structuring of projects that will be funded with the resources already paid to the Nation,” highlighted general manager Roger Mina.
With this news, Emcali’s objective of consolidating itself as the most important public services company in the country is reaffirmed, aligned with the highest international standards projected by Mayor Alejandro Eder and General Manager Roger Mina.
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Communications Mayor’s Office of Santiago de Cali
