The Argentine Government continues making progress in the implementation of an ambitious construction and reconditioning infrastructure plan for a total of approximately US$6.9 billion, to be deployed in the next years. Through Urgent Executive Decree No. 797/2016, budgetary resources were reallocated for the purpose of contracting public works and purchasing goods.
Among the most important projects is the undergrounding of the
Sarmiento train line (US$3.1 billion), the construction of mega
train and other public transportation interconnection hubs, the
revamping of railways and highways, the construction of viaducts
and the development of transit systems for the exclusive use of
public automotive transportation and cyclists. The program lists a
total of 66 projects to be implemented almost in its entirety in
the next three years.
The conditions of the bids and their timetables have not yet been
made public.
Closely related with the aforementioned plan, the Government has
submitted to Congress a bill regulating public-private partnership
agreements. The new legal framework seeks to implement more
flexible and modern regimes for public works, management of public
services and, generally, the development of new infrastructure
investments, contemplating mechanisms facilitating financing, the
management of works and services and dispute resolution
alternatives.
More details on this matter will be provided on future issues of Perspectiva as soon as they become available.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
