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Argentina Secures $300M in World Bank and BID Loans to Fund Neuquén Infrastructure

The agreements aim to speed regional connectivity, boost private energy investment through RIGI, strengthen provincial backing for national policy

Overview

  • National and Neuquén officials signed paperwork that formally unlocks two $150 million loans from the World Bank and the Inter-American Development Bank to finance roads, riverfront parks, food-processing facilities and firefighting capacity.
  • The World Bank credit will fund specific works including paving Routes 65, 63 and 54, a study for the Paso Pichachén road, urban planning and fire-management strengthening, as described by provincial and bank officials.
  • The BID loan targets access to essential services and territorial integration and is reported to directly benefit about 23,000 households and indirectly reach roughly 98,000 people.
  • Economy Minister Luis Caputo met Mendoza Governor Alfredo Cornejo to highlight the Parque Solar El Quemado, the first project approved under the RIGI regime and the country’s largest solar park after a near $210 million private investment.
  • The meetings on Wednesday reinforced political coordination between Nación and allied governors who had helped secure quorum in Congress and signal a combined push to deliver local jobs, connectivity and energy transition benefits.