Posted on March 2, 2026
Feb 27 (Reuters) – Three foreign companies have submitted bids for the contract to dredge and operate Argentina’s Parana River, a vital waterway for the country’s agricultural exports, Argentine Economy Minister Luis Caputo announced on Friday.
The bid opening comes two months after Argentina, a major global food exporter, launched the tender.
“Three bidders have come forward. All are 100% privately-owned companies of international origin, which are prepared to invest an estimated $10 billion in our country over the next 25 years,” Caputo said in a post on social media.
The economy ministry confirmed in a statement that the participating companies were Belgium’s Jan De Nul NV and DEME, in addition to Brazil’s DTA Engenharia. The ministry said their involvement underscores international interest in Argentina’s logistical infrastructure.
The terms of the tender explicitly barred state-owned companies from other countries, thereby preventing bids from Chinese firms.
