Key facts
- Jan de Nul NV and Servimagnus SA awarded a 25-year contract.
- The contract is for the upgrade of the Parana River, Argentina's main trade route.
- The deal was awarded by the Argentine government under President Javier Milei.
- The concession is valued at approximately $10 billion.
Belgian dredging company Jan de Nul NV, in collaboration with its local partner Servimagnus SA, has been awarded a significant 25-year contract by the Argentine government. The contract, secured under the administration of President Javier Milei, involves the crucial upgrade of the Parana River. This waterway serves as Argentina's primary trade route, and its enhancement is expected to bolster the nation's economic activity and logistical capabilities. The deal is valued at approximately $10 billion. The award was made on Thursday.