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3 clusters · 26 sources · 29 days · First seen · Last updated

Neuquén infrastructure and energy development

Overview

The Neuquén Legislature approved a plan to pre-finance 158 kilometers of road infrastructure in the Vaca Muerta region. Under this scheme, 15 energy companies will provide up to 177 million USD at zero interest, with the provincial government recovering funds through deductions from energy royalties after a 30-month grace period. Subsequently, the Neuquén provincial government reached an agreement with the Argentine national government to assume management of the Seven Lakes Route and the Villa La Angostura bypass. This agreement also covers the Vaca Muerta relief canal and housing projects. Additionally, a 175 million dollar Metropolitan Access Master Plan, supported by YPF, is being implemented to improve urban mobility and connectivity to the Vaca Muerta region through projects such as the duplication of the Autovía Norte.

Governor Rolando Figueroa has since announced a 90 million dollar investment to expand gas infrastructure using resources from the Vaca Muerta formation. This project includes constructing 118 kilometers of new pipelines under a Loop system and upgrading three compressor plants operated by Transportadora de Gas del Sur (TGS). The initiative, involving companies such as TGS and Camuzzi, aims to supply over 24,500 users in Junín de los Andes, San Martín de los Andes, and Villa La Angostura, reducing dependence on supplies from Chubut.

Fiscal developments include an upgrade by S&P Global Ratings from “b-” to “b+” due to efficient public account management. To support the local economy, the province is introducing 2027 tax benefits, such as a 25 percent property tax discount and stamp duty exemptions for rental contracts. Furthermore, the province inaugurated a 3.8 million dollar pellet plant in Junín de los Andes to convert forestry waste into fuel and has launched the Neuquén Habita program to distribute mortgage credits.

Entities

Rolando Figueroa · Neuquén · Vaca Muerta · Gas y Petróleo del Neuquén · Ministry of Economy of Argentina

Timeline

  1. [BUSINESS] 16 sources
    Neuquén implements energy, fiscal, and infrastructure developments

    Neuquén is advancing major infrastructure and fiscal reforms, including a 90 million dollar gas pipeline project, new tax incentives for SMEs and families, and an upgraded credit rating from S&P.

  2. [BUSINESS] 13 sources
    Neuquén and Argentina sign infrastructure and housing agreements

    Neuquén Governor Rolando Figueroa and Economy Minister Luis Caputo signed agreements for Vaca Muerta water infrastructure, the transfer of Route 40 management, and the completion of 140 housing units.

  3. [BUSINESS] 47 sources
    Neuquén Legislature approves Vaca Muerta road funding

    The Neuquén Legislature approved a 177 million USD plan to pre-finance the paving of 158 km of provincial routes using funds from Vaca Muerta energy companies.

Sources

argentinaforestal.com · cadenaoh.com.ar · cutralcoalinstante.com · diarioconurbano.com.ar · diariofirmat.com.ar · elconstructor.com · eldia.com · elintransigente.com · elnorteenmovimiento.com.ar · fuego24.com · infoarenales.com · lahoradesalta.com.ar · lajornadaweb.com.ar · lanacion.com · mejorinformado.com · neuquen.com · noalamina.org · opinionpropia.com.ar · periodicoaustral.com.ar · periodicopalabrasmayores.com · realidadsm.com · rionegro.com.ar · telegrafo.com.ar · tunoticia.com.ar · weblavoz.com.ar · zapala-noticias.com.ar

This summary has been updated 5 times: see revision history