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Due to the increased risk of country and unchallengability funded, the Government prevents PPP work programs – 12/19/2018



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Due to the difficulties in obtaining credit in the face of increasing risk in the country, Mauricio Macri suspend the unprecedented work of the Public-Private Participation (PPP) programs, one of the tools that the Government was trying to regenerate the economy and show control in the next electoral year, despite the fact that the 2019 Budget had prepared it with the aim of delete & basic financial deficit.

"Projects are deferred until the cost is reasonable for the country", He confirmed Clarin source of the Ministry of Finance, after the President met in the Quinta de Olivos for a subsequent PPP meeting with Nicolás Dujovne, Guillermo Dietrich (Transport), Francisco Cabrera (BICE holder) and Javier González Fraga (her peers) of the Nation) and officers associated with the area.

The planning and control of the PPP system had passed this month by the Treasury to the head of the Cabinet, a change interpreted as a confirmation of central Marcos Peña during the campaign in an instrument for starting the work. The officer also absorbs the National Register of Public Works Construction Companies, managed by the Interior Interior.

The decision to continue with the six road corridors and other programs that are already being implemented and the prohibition of those envisaged will affect governors' plans, which in some cases have appealed to this way i replacing public work cuts in the Budget, to comply with the reduction of the agreed deficit with the IMF. Part will be redefined with the traditional scheme, although it is still not accurate.

The project was about to go out to tender is High Voltage Transfer Line That was going to tire between Rio Diamante (Mendoza) and the town of Charlone Buenos Aires.

The set of work started adds a US $ 8,058 million investment in routes and highways (US $ 6.035 million in construction and $ 2,023 million in maintenance) and three stages were arranged with a total of 7,277 kilometers. The first included the tender of highway corridors in the national routes of Buenos Aires, Cordoba, La Pampa, Mendoza and Santa Fe. From the Ministry of Transport, in turn, marked as the last milestone of the highway between Mercedes and Suipacha, for more than US $ 1,100 million.

The country's risk arrived this Tuesday, 787 points, the maximum level from Macri's control. As well as difficulties in accessing credit on more favorable terms, PPP programs had already suffered the effect of what is called the notebook caseThe banks opposed fundraising for companies that had been involved in illegal payments to former Kirchner officers. Even at Casa Rosada they had been offered relocate system for the campaign and to push the economy, and earlier this month, a minister would show a growth expectancy of 10% at work next year if the projects were developing.

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