Argentina’s Ministry of Transport has awarded contracts to five different groups of companies to carry out six major road construction projects across the country.

The four-year plan is expected to represent around $ 6 billion in investment and is the first of many infrastructure-focused public-private partnerships put in place by a market-friendly government.

Argentina’s Helport SA and Spain’s Obras y Servicios Copasa have won contracts for two of the six developments, which cover the highways from Buenos Aires to Santa Fe and from Santa Fe to Cordoba. This represents approximately 900 km of road.

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China Construction America and Argentinian company Green SA are also working on a highway to the capital from La Pampa, located about 610 km to the west.

Also among the subcontractors is Mota Engil, a Portuguese company which will work in tandem with other Argentinian companies.

Argentina agreed to cut government spending after securing a $ 50 billion financial settlement with the International Monetary Fund, and PPP programs are seen as a way to cut that spending.

According to Reuters, a second wave of PPP announcements are expected, focusing on areas such as rail and energy, valued at $ 26.5 billion.

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