The United States has announced a loan of more than $ 800 million for work in Argentina

Argentina and the United States signed an agreement to move forward project funding for the development of work for $ 813 million that will be part of announcements that Mauricio Macri and Donald Trump will give after the bilateral meeting to be held at Casa Rosada this Friday.

During an act at the palace of San Martin, the Chancellor Jorge Faurie with the Minister of Transport, Guillermo Dietrich, and the ambbadadors of the United States, Edward Prado, and Argentina, Fernando Oris de Roa, signed a letter of intent in which the Corporación para la Inversión Privada Abroad (OPIC for its acronym in English) It has committed to disburse $ 813 million for projects in Argentina related to infrastructure, the energy sector and logistics, which include a total amount of $ 3 million.

"This is an extremely important step for Argentina to take into account that for more than seven years, OPIC has not invested in our country," Dietrich said.

The CIPO is an American institution dependent on the US Congressional Budget created in 1971 and it encourages North American investment in emerging countries. Last year, this historic institution doubled its overseas investment budget in projects where US companies are linked.

As you may have known Infobae, Trump's intention is to show this announcement at the bilateral meeting that he will have with Macri as a gesture closer to Argentina.

In this sense, the President of CIPO, Ray Washburne, "By supporting the development of high-impact sectors such as logistics and value chains, infrastructure and energy projects will significantly boost Argentina's growth and stability ".

Thus, the maximum referent of OPIC pointed out that Latin America was a priority for the projects funded by the agency.

In the letter of intent, the financing plans of the following projects in Argentina:

. PPP Corridor Road C (Buenos Aires – Mendoza) who will be in charge of Astris Finance Fabrice. It will benefit from a $ 250 million financing from CIPO.

. The solar energy project Ullum I, II and III (San Juan) and the wind power project Chubut Norte III and IV with the company Genneia S.A. for an amount of 118 million USD.

. Vaca Muerta – San Nicolás pipeline from Tecpetrol with financing from 350 million USD.

. Cañadón León (Santa Cruz) wind farm with YPF Gas y Energía for a loan of 50 million USD.

. Expansion of logistic parks in Greater Buenos Aires of the company Plaza Logística to develop the deposits and improve the logistics network of an amount of USD 45 million.

With these funding projects, which have the full support of Trump, the US government is seeking to give a new signal of rapprochement with Argentina. This investment package is part of other announcements that Macri and Trump will make next Friday at Casa Rosada.