Argentina’s PPP scheme is overly ambitious, say panellists

Argentina’s sensational return to the capital markets last year promised to revolutionise the country’s project finance space, but the PPP projects kicking off the country’s infrastructure revamp may be too much, too soon, heard delegates at Latin Lawyer’s 5th Annual Regional Project Finance Summit, held in Washington, DC last month.

Argentina’s PPP scheme is overly ambitious, say panellists L-r: Daniel Ribenboim and Brian Greene

President Mauricio Macri’s plan to build a sprawling US$16.7 billion motorway network, largely using a public private partnership (PPP) model, is set to begin in early 2018. A bid round for six projects will be held in the first quarter of 2018, with construction scheduled to commence in the second quarter. However, speakers expressed concerns over the programme’s ambitious goals in a panel moderated by Carolina Walther-Meade of Milbank, Tweed, Hadley & McCloy’s New York office.

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