Overview
- A US$150 million disbursement was confirmed, with US$136 million credited in Argentina after a late-December request and US$14 million kept in China for imported machinery.
- Authorities met with the builder consortium and UOCRA to begin hiring in the coming weeks and resume concrete and electromechanical work.
- La Barrancosa stands about 42% complete after a halt since December 2023, while the sister dam Cóndor Cliff remains near 20% following a 2018 landslide, with a possible shift in national oversight reported.
- Financing comes from a Chinese bank consortium—CDB, ICBC and Bank of China—within a roughly US$4.714 billion package, of which about US$1.85 billion had been transferred before this tranche.
- The construction UTE is led by Gezhouba (54%) alongside Eling Energía (36%) and Hidrocuyo (10%), with provincial diplomacy in Beijing credited for unlocking the funds.