Three Bidders Seek Argentina River Dredging Contract

Three foreign companies have bid for a $10 billion contract to operate Argentina’s Parana River. The 25-year project will deepen the vital export route to 40 feet.

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Three international private firms have submitted bids for a $10 billion contract to dredge and operate the Parana River in Argentina, a vital waterway for the nation's agricultural exports. Economy Minister Luis Caputo announced the development on Friday, noting that the tender process has attracted significant global interest since its launch two months ago.

A drone captures a cargo vessel traversing the Parana River, the primary logistical route for Argentina's agricultural shipments, near the coast of Rosario in February 2026. Photo credit: REUTERS/Francisco Loureiro
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