Yellow machinery available for emergency and disaster response in five municipalities of Arauca

• On November 20, 2023, Parex Resources (Colombia) AG Branch and the National Unit for Disaster Risk Management (UNGRD) formalized the signing of an Agreement within the framework of the Works for Taxes mechanism.
• Parex makes an advance payment of its taxes for an amount of COP $84.640 million, intended for the provision of yellow machinery for the municipalities of Arauquita, Fortul, Saravena, and Tame, belonging to the Territorial Development Programs (PDET), and Arauca capital, corresponding to the Most Affected Areas by Armed Conflict (ZOMAC).
• This individual project is consolidated as the largest within the Works for Taxes figure; its formulation and implementation were carried out in record time.
• Parex stands out as the pioneering company in the execution of projects through Works for Taxes, enabling resources of more than COP $417.000 million, translated into initiatives for education, water, basic sanitation, infrastructure, and machinery banks.

Within the framework of the Works for Taxes mechanism, Parex Resources (Colombia) AG Branch is carrying out the initial delivery of yellow machinery for the municipalities of Arauca, Arauquita, Fortul, Saravena, and Tame, located in the department of Arauca. This project has channeled resources of COP $84.640 million and aims to provide the necessary tools to carry out preventive work that mitigates the effects of the upcoming winter wave.

The acquisition of machinery banks for each municipality includes five dump trucks, three backhoes, three bulldozers, two front loaders, one low bed, one motor grader, one vibratory compactor, and one truck for fuel transport. These equipment will be used in the execution of activities related to civil works, maintenance of tertiary roads, and emergency and disaster response.

This project is the result of joint work between the private company, the government, representatives of social movements, and the beneficiary communities. Parex values the support and backing of Wilinton Rodríguez, Governor of Arauca; Edgar Tovar Pedraza, Mayor of Arauca; Etelivar Torres, Mayor of Arauquita; Javier Cabrera, Mayor of Fortul; Wilfredo Gómez, Mayor of Saravena; Aníbal Mendoza, Mayor of Tame.

Rafael Pinto, Vice President of Government Relations at Parex Resources, stated: “We celebrate that this is the largest individual project granted in Works for Taxes. Its structuring was carried out in record time to timely address the needs expressed in the territories. On December 7, we began the delivery of the machinery, and to date, we have nearly 40% of it in the territory. The completion of this process will depend on import times, but it is estimated that it will not extend beyond the first half of 2024.”.

Since 2018, Parex has stood out as the pioneering company in the execution of projects through the Works for Taxes mechanism, enabling resources that exceed COP $417.000 million, translated into initiatives for education, water, basic sanitation, infrastructure, and machinery banks, primarily contributing to the sustainable development of the departments of Arauca and Cesar. In this way, Parex reaffirms its commitment to transformation, stabilization, and peacebuilding through high-impact projects in the territories.