The contractor China State Construction Engineering Corp (CSCEC) has been awarded a US$2.1 billion contract to build a major highway in Argentina through its American subsidiary, China Construction America (CCA).
The deal, which is a public-private partnership (PPP), will see the state-owned contractor build the 538km highway.
The contract was awarded for 15 years – five years of construction and then ten years of operation by CCA.
The project marks CSCEC’s first scheme in the South American country, and Argentina’s first such partnership involving a Chinese company.
The highway project passes through the provinces of Buenos Aires and La Pampa, two important industrial and agricultural economic zones in the Latin America country.
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