Argentina to retender withdrawn road P3s

Argentina’s Ministry of Public Works is preparing to retender four roads that were part of the canceled P3 program.

Argentina’s Ministry of Public Works is preparing to retender four roads that were part of the canceled P3 program.

Set to require over $19bn in investment, two stretches of the San Miguel del Monte bypass and two stretches of the National Highway 205 will be put out to tender under the National Highway agency.

In 2020, the government rescinded contracts on these projects by “mutual agreement” after the contracts did not comply with their obligations.

Although the future model of these transactions is not clear, public works minister Gabriel Katopodis said that the public-private scheme was a “failure and ruinous for the state” when two corridors were canceled last year. In June this year however, the transport minister backed P3s to deliver logistics nodes across the country.