Massa announced a CAF loan for US$430 million for roads and energy

Massa announced a CAF loan for US0 million for roads and energy

In a new session of the CAF board of directors in the Uruguayan capital, together with the ministers of Economy and presidents of central banks of the member countries, they worked “in strategies that allow the development and empowerment of Latin America and the Caribbean from the organization“added the official.

He also mentioned that the treatment for approval of the financing of US$540 million for the construction of the second section of the Néstor Kirchner gas pipeline“a key work to grow our exports and take care of our reserves,” emphasized Massa.

The latter falls within the agreement to which they arrived andLast Friday the national government and the CAF, after a meeting between Massa and the president of the multilateral organization, the Colombian Sergio Diaz Granadosin the Scalabrini Ortíz room of the Palacio de Hacienda.

“It is essential to advance in the financing of the second section of the Néstor Kirchner gas pipeline. The truth is that this initiative to finance US$540 million through CAF puts us on a much more likely path than no later than June 2024 we have finished the second tranche“Massa said in an official statement released days ago.

The second section of the President Néstor Kirchner gas pipeline will connect the towns of salliquelo in the province of Buenos Aires with Saint Jerome in Santa Fe.

Energía Argentina (Enarsa) launched on September 5 the call for public tender for the elaboration of the extended basic engineering of this sectionWhich will allow expand the capacity of the national transportation system by 25% of trunk gas pipelines.

In addition to this, the stretch would open the possibility of arriving with greater volume of gas from Vaca Muerta to the large urban and industrial centers of the countryas well as linking with the Northeast gas pipeline (GNEA) to supply the provinces of the region today isolated from the system.

Once tendered, The works will have a term of 120 calendar days and in addition to basic engineering, they include the cadastral survey and the preparation of the gas pipeline planimetry,

In addition to CAF, Argentina is in negotiations with Brazil for the financing of this second stagea country that is particularly interested since the second tranche will allow Argentina to export surplus gas from Vaca Muerta.

Source: Ambito

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