Overview
- Argentina received US$136 million of a US$150 million loan installment from Chinese banks, with US$14 million retained in China for direct equipment payments.
- Santa Cruz met with the Gezhouba–Eling Energía–Hidrocuyo consortium and the construction union to finalize terms for resuming work at Jorge Cepernic.
- Plans call for about 1,800 direct hires and roughly 2,200 indirect jobs, with a legal requirement for 90% local labor and priority for former Santa Cruz workers.
- La Barrancosa is roughly 42% complete, while Cóndor Cliff remains near 20% and has been stalled since a 2018 landslide.
- Officials say Cóndor Cliff could move under the National Public Works Secretariat as contracting authority, as the US$4.714 billion project proceeds with financing from CDB, ICBC and Bank of China.