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CIRCULAR 045/2021: NATIONALIZATION OF THE PARANA/PLATE BASIN WATERWAYS

CIRCULAR 045/2021 - NATIONALIZATION OF THE PARANA/PLATE BASIN WATERWAYS

In 1995 the Government awarded the concession for the dredging, maintenance and navigational aids of the navigational channel of the waterway between Km 205.3 of the Punta Indio channel, River Plate up to Km. 584 of the Parana River to HIDROVIA S.A., a private company created for that purpose by the Belgian Jan De Nul NV and Argentinean Emepa S.A. for a period which was extended until April 2021.

In 2020, the Government intended to call to a new public tender to renew the concession on the waterways, extending it up to the Km. 1,238 of the Parana River. However, the public tender was not issued.

In turn, the Government decided to  nationalize the service to the State-Owned Administración General de Puertos Sociedad del Estado (AGP) for a 12 month-period (extendable) until the public tender is finally issued and awarded.

In addition, the Executive created the National Entity for the Control and Management of the Waterways as the main regulatory body related to the navigational aids, dredging, improvement, maintenance and use of the Waterways.

On 2nd September 2021, the Undersecretary of Ports, Waterways and Merchant Marine executed the Concession Contract with AGP has taken over the above mentioned services and the tolls as of 00:00 on 11th September 2021.

The relevant modification of this key area of a substantial part of Argentinean’s leg of the Hidrovia Parana-Paraguay comes in a particular moment where the Hidrovia’s basin is under a State of Hydrological Emergency due to the historically low and sustained extraordinary low waters. According to the information circulated by AGP, the dredging will continue to be provided by Jan De Nul whereas the maintenance of the navigational aids will be provided by various companies such as Hydra, Pentamar, Sade Electromecánica and Navitronic.

We will be monitoring the developments and will keep you posted.

Yours Faithfully,

PANDI LIQUIDORES SRL / BUENOS AIRES, ARGENTINA

Notice: the content of this circular is for information only. Even though it has been issued carefully, and to the best of our knowledge, it has a general purpose and we can accept no liability whatsoever for any particular action taken upon it. © Pandi Liquidadores SRL. All rights reserved.