Argentina's government has initiated a public bidding process to privatize over 3,900 kilometers of national roads as part of President Javier Milei's plan to withdraw the state from the management of Corredores Viales S.A.
The Argentine government, under President Javier Milei, has announced a significant move towards privatization by calling for public national and international bids for the management of over 3,900 kilometers of national roads. This initiative aims to reduce state involvement in the operations of Corredores Viales S.A., a state-run organization responsible for the oversight of the country's road network. The measure is expected to improve efficiency and spur investment in the country's infrastructure, aligning with Milei's broader economic reform agenda.
According to the Ministry of Economy, this public bidding process, referred to as Stage III, marks the final phase of the Federal Network of Concessions, part of a comprehensive effort to modernize Argentina's national roadways. The project encompasses not just management but also construction, exploitation, maintenance, and service provision across various road segments, including critical corridors such as Cuyo, Centro Norte, Noroeste, Chaco-Santa Fe, Litoral, Noreste, Centro, and Mesopotámico. This endeavor emphasizes the government's aim to enhance the infrastructure's operational effectiveness and user experience.
This privatization move comes at a time when the Argentine economy is facing challenges, and the government is exploring all avenues to attract private investment and enhance public services. By reallocating road management to private entities, the administration hopes to alleviate some of the fiscal burdens on the state while simultaneously fostering a more competitive environment that could lead to improved road quality and service delivery for users. Such reforms have the potential to reshape the transportation landscape in Argentina for years to come.
