Argentina road and transport projects receiving funding

Argentina looks set to benefit from a series of major new transport projects. Loans worth up to US$650 million will help pay for a series of projects, including Argentina’s contribution to the Agua Negra Tunnel link with neighbouring Chile. The loans will be organised by the Inter-American Development Bank (IADB). A further loan of $156 million to road concession company AUSA will help pay for transport projects in Buenos Aires, including the construction of the Lacarra Bridge to connect with Lanus and upgrades to the Illia highway.