Argentina planning series of road projects worth $4.12 billionStaff Writer |
LatAm Eight key road corridors
Argentina is planning a series of road projects stretching for a total of 5,500km and worth $4.12 billion in all over four years.
The routes include Ruta 3 to Bahia Blanca, Ruta 5 to Santa Rosa, Ruta 7 to Mendoza, Ruta 8 to Villa Mercedes, Ruta 9 to Cordoba, Ruta 19 in Santa Fe and Cordoba, Ruta 34 from Rufino-Rosario and Ruta 226 from Rosario-Ceres.
Of note is that under Argentina’s PPP model, construction machines imported temporarily for the construction work will not face import tariffs.
The equipment will then have to be moved out of Argentina again after the projects are complete or the contractors will face paying import duties retrospectively. ■
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