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Argentina plans to privatize part of the Paraguay-Paraná waterway to modernize and boost trade.
The Argentine government plans to privatize its part of the Paraguay-Parana waterway through a 30-year concession.
This 3,400 km river route is vital for connecting inland regions of Paraguay, Bolivia, and southern Brazil to the sea.
Argentina relies on it for about 80% of its foreign trade, including exports of soybeans, corn, and wheat.
The privatization will involve modernizing the waterway with new tracking systems and measures to combat drug trafficking.
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Argentina planea privatizar parte de la vía fluvial Paraguay-Paraná para modernizar e impulsar el comercio.