News
CCA Officially Seals its First PPP Project–Argentine National Road B Line Franchise
July 26, 2018
KEYWORDS: Argentine CCA South America Highway Project Infrastructure public-private partnership
CCA South America officially sealed the $2.13 billion Argentine National Road B Line franchise project along with its joint venture partner GREEN by signing the public-private partnership (P3) contract with the Argentina Government at the Presidential Palace in Buenos Aires, capital of Argentina, on July 26.
It was followed by the signing of the Agreement of Project Fund and Agreement of Taking-over Project on July 31. As CCA’s first project in Argentina, the B line project marks CSCEC’s first entry into this new market. The project is also recognized as CCA’s first P3 project and the first P3 project in Argentina awarded to a Chinese company.
The 538-kilometer B line project is planned for a contract period of 15 years, including five years of construction and 10 years of operation. The EPC contract work scope includes the design, construction, upgrade and operation maintenance of the highway.
The highway project passes through the provinces of Buenos Aires and La Pampa, which are two important industrial and agricultural economic zones in Argentina. After the completion of the project, it will become a highway with a speed limit of 130 kilometers per hour. The highway also will play a key role in accelerating economic growth in the region by effectively contributing to the government’s tax revenue, creating employment opportunities and boosting the development of relevant industries.
The successful signing of the project marks another historic breakthrough for CSCEC in the infrastructure market in Latin America, further proving the comprehensive strength of CCA’s construction and operation of international projects. CCA is committed to abiding by the contract specifications and delivering a high-quality project.
Vice President of CCA South America Gang Shao (middle) signs the P3 contract of Argentine National Road B Line franchise project.
CCA South America signs the Agreement of Project Fund and Agreement of Taking-over Project on July 31.
It was followed by the signing of the Agreement of Project Fund and Agreement of Taking-over Project on July 31. As CCA’s first project in Argentina, the B line project marks CSCEC’s first entry into this new market. The project is also recognized as CCA’s first P3 project and the first P3 project in Argentina awarded to a Chinese company.
The 538-kilometer B line project is planned for a contract period of 15 years, including five years of construction and 10 years of operation. The EPC contract work scope includes the design, construction, upgrade and operation maintenance of the highway.
The highway project passes through the provinces of Buenos Aires and La Pampa, which are two important industrial and agricultural economic zones in Argentina. After the completion of the project, it will become a highway with a speed limit of 130 kilometers per hour. The highway also will play a key role in accelerating economic growth in the region by effectively contributing to the government’s tax revenue, creating employment opportunities and boosting the development of relevant industries.
The successful signing of the project marks another historic breakthrough for CSCEC in the infrastructure market in Latin America, further proving the comprehensive strength of CCA’s construction and operation of international projects. CCA is committed to abiding by the contract specifications and delivering a high-quality project.
Vice President of CCA South America Gang Shao (middle) signs the P3 contract of Argentine National Road B Line franchise project.
CCA South America signs the Agreement of Project Fund and Agreement of Taking-over Project on July 31.
