economy and politics

Argentina secures financing for more than 1,000 million dollars in China

Argentine Chinese


A delegation from Argentina headed by the Minister of Economy of that country, Sergio Massa, He held a series of meetings in China with executives from different companies and was able to reach important financing agreements for various projects.

One of the most significant agreements is the financing for US$524 million with Ghezouba for the Santa Cruz dams. In addition, progress has been made in financing the construction of two AySA (Agua y Saneamientos Argentinos) treatment plants and sewage treatment plants, amounting to another US$70 million and is expected to benefit approximately 1.6 million people.

Another notable agreement has been the progress in financing the expansion of the Electric Power Transmission System, in collaboration with the State Grid company. This initiative aims to develop high voltage lines in the Buenos Aires Metropolitan Area (AMBA) and benefit around 1.8 million people.

Within the framework of these meetings, it is also expected that the second tranche of the Nestor Kirchner pipelinewhere interested companies must compete in a tender.

In total, the agreements reached represent a sum of 924 million dollars that will impact the reserves of the Central Bank of the Argentine Republic (BCRA) before July 15.

Massa highlighted the importance of these agreements for “the present and the future of Argentina”, pointing out that “the country needs strategic projects that promote its long-term development and benefit the next generations.”

The meetings of the Argentine delegation will continue throughout these days, highlighting the discussions that will take place with the BRICS, where one of the most important axes will be mining, while a new Argentine chamber of commerce will also be presented. China.





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