INSUBCONTINENT EXCLUSIVE:
The announcement came through Disposition 34/2024, published in the Official Gazette on Wednesday.The privatization covers a vast stretch of
The government aims to modernize and expand the waterway system.The winning bidder will be responsible for signaling, dredging, and
This approach seeks to improve efficiency and reduce state expenditure on the waterway.80% of Argentine Commerce Affected by Waterway
It will operate under a private concession model with business risk.A Strategic Move for Modernization and EfficiencyThe Undersecretary of
Ports and Waterways will oversee the bidding process, accepting offers until January 29, 2025
The tender is open to major global companies specializing in river and maritime works.Officials expect significant interest from Chinese,
This international participation could bring advanced expertise to the project.The privatization plan includes substantial investments for
to enhance navigation and increase cargo capacity
Technological advancements are a major focus of the privatization plan.The project will introduce new systems for dynamic information and
Digital nautical charts will also be incorporated, modernizing navigation practices.Security will be managed by private entities with Coast
The plan emphasizes the integration of technological systems to enhance safety measures along the waterway.This privatization is expected to
address financial challenges
privatization as a solution to ongoing management issues
traditionally state-managed areas
