Argentina unveils US$16.7 billion highway PPP programme
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A list of highway projects have been presented to the public-private partnership (PPP) unit of Argentina's finance ministry.
The initiatives entail 7,277km of roadworks to be develop under a PPP model and require investment of US$16.7 billion over the next 15 years. About US$12.5 billion will be invested over the first four years and US$4.2 billion over the following 11 years.
The tender process is expected to be launched in stages, with the first starting in November and finishing in April 2018. The second stage will take place between February and July 2018, and the last one between June and November 2018.
The routes involved in the list of projects are:
- Corridor A (Routes 3, 226), 707km.
- Corridor B (Route 5), 538km.
- Corridor C (Routes 7, 33), 877 km.
- Corridor E (Routes 9, 11, 34, 193, A-008, A-012), 390km.
- Corridor F (Routes 9, 33), 635km.
- Corridor South (Riccheri Highway-Jorge Newbery Avenue, Ezeiza-Cañuelas Highway, Routes 3, 205) 247km.
Safe routes entail roads with wide lanes, paved road shoulders, overpasses and other safety works to prevent accidents.
According to sources, Luis Caputo, Finance Minister, said the government has planned 60 projects for the next three and a half years that will be executed under the PPP model and will demand overall investments of US$26 billion.
Under this scheme, the transport ministry expects to increase the number of highways as part of the road network from 12% to 54%.
The road works component covers revamping and improvement works for 2.077 km, the construction of 1.610 km of new highways, 324 km of additional works and 3.310 km of safe routes.
Draft tender documents will be available on 14 November, with final versions ready on 15 December. Technical and economic offers will be opened on 14 February; while PPP contracts are expected to be signed on 18 April.
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