Argentina has closed its first commercial PF loan for 20 years. An equity bridge loan kept the project moving. By Nic Stone.
A consortium led by Sojitz Corporation has closed the formation of the joint venture as well as a project financing that will back the 98MW Huatacondo solar independent power project in the Atacama Desert.
European giant Engie has tapped Citigroup to lead the sale of a multi-gigawatt portfolio of thermal power plants in Region II.
Private investment promotion agency ProInversion has awarded Consorcio Hidrovias II the mandate for the Hidrovia Amazonica public-private partnership. The group is formed by China’s Sinohydro and Peru’s Construcción y Administración.
Local company 360Energy is looking to develop and finance a 42MW solar project in Nonogasta in Nueva Rioja province.
Highway regulator Vialidad Nacional has received bids from 24 groups to develop, build, finance, and maintain two sections of the San Juan-Mendoza motorway.
The Government of Argentina will launch in September a public-private partnership to develop a 700km stretch of railroad connecting the Vaca Muerta shale play with the capital of Buenos Aires. The works are expected to require US$530m.
Paraguay is preparing to reveal the country’s first legislation promoting the development of and investment in renewable energy.
Argentina has banned scandal-racked Brazilian builder Odebrecht from bidding on public works projects for 12 months, a government spokesman said, citing corruption cases facing the company in South America and elsewhere.
Canada’s Brookfield is in advanced negotiations to buy seven highway concessions owned by embattle company Odebrecht. The Odebrecht Transport assets are 1,779km of roadways located throughout the country.
The Chilean Ministry of Public Works (MOP) has announced that August 17 will be the new deadline to receive offers for the project to improve the Nahuelbuta route as a public-private partnership. The works will require an investment of US$228m.
The Peruvian government is looking to fast-track the development of further lines of the Lima Metro system, with a view to having companies in place by the end of 2018, according to private investment promotion agency ProInversion.
President Michele Bachelet of Chile and President Mauricio Macri of Argentina have signed an agreement pushing forward the development of the Agua Negra tunnel that will connect the two countries.
Sociedad Promotora Ferrocarril de Antioquia (SPFA) is looking to structure a public-private partnership to reactivate 80km of railway between the municipalities of Caldas and Botero.
Development bank Corporacion Andina de Fomento (CAF) has provided Argentina with a credit for US$150m to help expand natural gas transport capabilities to help rising production from unconventional plays like Vaca Muerta.