May 27, 2022 |
Argentina said Thursday that it approved plans to borrow $4.7 billion from three Chinese banks to finance two large hydropower projects in southern Patagonia, a project long delayed by the country's political shifts and a financial crisis.
The government will get a term loan from China Development Bank, Bank of China and ICBC to build the President Néstor Kirchner and Governor Jorge Cepernic projects in the province of Santa Cruz, according to a presidential decree.
The projects have been in the
Government plans to borrow $4.7 bln to build two large dams in Patagonia