Despite the current struggles, the administration continues to improve Argentina’s infrastructure and industry across the nation.
The high-speed railway project is in development since 2006. The Argentine government paused it due to a struggling economy. The tracks would have connected Buenos Aires, Rosario, and Cordoba. The estimated cost of the project was around $2 billion. Besides the initial funding by European companies, the Chinese had also committed another $10 billion for passenger and light-rail infrastructure development. The completion of the project and the end costs still need to be determined.
The Mining and Environmental Restoration Project assess the existing risks of closed uranium mines. It evaluates other mining-related projects throughout Argentina and establishes best practices for the future. The project should cost roughly USD $35 million.
The Port of Buenos Aires continues to work to make their port more attractive and competitive. Moreover, the government is reducing costs and contract challenges. Entry and exit is now more affordable to divert traffic from Southern Brazil and Uruguay. The port is also working to attract more cruise ships.
Regarding Renewable Energy, the government established an Official Plan of Energies Program. The idea is to ensure 8% of the country’s electricity by renewable energy by 2017. It established extra support and initiatives to generate 20% of renewable energy by 2025. To attract investors, the government is working to reduce investor risk on such projects.