The Argentine government has announced potential timelines for the concession of the Paraná-Paraguay Waterway. This key waterway is vital for trade and transportation in the region, facilitating the movement of goods between Argentina, Paraguay, and other countries.

The specifications and conditions for starting the process are expected to be ready by the end of this year, according to the Minister of Economy.

During a meeting organized by the Rosario Stock Exchange, Argentine Minister of Economy Luis Caputo stated that the specifications and conditions for the bidding process will be ready by the end of this year. “The intention is for the bids open in May, and we aim to award the new concession in the third quarter. It will be ready for next year,” the minister affirmed.

Officials highlighted the importance of this infrastructure for enhancing regional connectivity and boosting economic growth. The government aims to finalize the concession process to improve the efficiency and management of the waterway, ensuring it meets the needs of shipping and commerce.

As discussions progress, stakeholders keenly observe the developments, anticipating how these changes will impact trade routes and logistics in South America. Further updates are expected as the government continues to outline its plans for this critical infrastructure project.