KKR-Backed Consortium Alleges Bias in Argentina's $10 Billion Parana Bid
Updated
Updated · Bloomberg · May 19
KKR-Backed Consortium Alleges Bias in Argentina's $10 Billion Parana Bid
1 articles · Updated · Bloomberg · May 19
A KKR-backed consortium of dredging companies asked the White House for “timely engagement,” alleging unfair bidding conditions in Argentina’s Parana River dredging auction.
The complaint landed as Santiago Caputo, a top adviser to President Javier Milei, visited Washington last week to discuss the tender with US officials.
Argentina expects the contract to attract about $10 billion in investment, making the auction one of the country’s most consequential infrastructure awards.
The bid is nearing its final stage, with the government potentially set to name a winner in May or June.
As two Belgian firms vie for a $10B contract, is Argentina caught in a US-China proxy battle?
Is a US-backed firm's protest about fair play or a geopolitical move to block China in Argentina?