Argentina seeking road funding opportunities
Argentina is looking at financing solutions that will help the country develop and improve its road network. The country’s Transport Ministry has been holding discussions in New York with a series of major banks and finance institutions. Many of the new highway projects projected for Argentina will be carried out under the PPP model, with a new financial framework and trust fund having been planned to pay for the works. In all the programme of works calls for 7,200km of road works to be carried out using the PPP model across Argentina, with an estimated pricetag of some US$12.5 billion. The first phase of PPP highway projects are already commencing, with six new road corridor routes being built that will extend some 2,500km and cost $8 billion to construct.