Argentina taps multilaterals, bond market for infrastructure

Argentina’s national and provincial governments are looking for funding for infrastructure projects from multilateral institutions and the bond market.

On Tuesday, the federal government authorised a US$100 million credit agreement with the Latin American development bank CAF, which will be used to rebuild roads in the province of Buenos Aires.

According to the contract, the loan covers two major sets of work: the Mercedes-Suipacha bypass on National Route 5 (20 km) and the San Miguel del Monte-General Belgrano segment of National Route 3 (27.2 km).

The government also authorised a separate US$75 million loan deal with CAF on the same day to develop university facilities, which will be matched by an extra US$75 million from Argentine authorities.

Around 70 infrastructure projects are planned, including university expansions and repairs, as well as the establishment of five new undergraduate and/or business schools.

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