USA, China to finance road projects in Argentina

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Ministry of Transport has secured international financing for its two road projects tendered under private-public partnership scheme. The financing agreement will be sourced from the commitments of the United States of America (USA) and China for the Road Corridor C (route 7,33) and Road Corridor B (route 5) projects. 

The US Investment agency, OPIC will be providing funds for the Road Corridor C project located in Mendoza. The project is won by the construction company Cartellone. The Letters of Intent between the OPIC and the Argentina Government would be approximately US$ 3,000 million. The focus will be on energy projects but it will include a chapter for corridor C, in which US$ 801 million would be invested during the four years of construction.

Furthermore, China will finance the Road Corridor B project with its partners China Construction America (CCA) and Green SA, the developers of the project. HSBC bank will structure the financing for the project. 

 

 

Share this update