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Rowing-Led Consortium Tops AySA Bid at $340.2 Million

Regulators must still clear the provisional winner and a 26 October tariff hearing will decide whether the concession’s finances can support the required investments.

Overview

  • The government opened economic offers on October 8 and the Rowing-Arcos-Transclor-PHX consortium submitted the highest proposal of US$340.2 million, beating Roggio’s US$285 million.
  • The result is provisional and the adjudication requires a report from the evaluation commission followed by reviews by SIGEN and the Procuración del Tesoro before a final contract can be signed and payment made.
  • ERAS scheduled a public hearing for October 26 to review AySA’s request to update zonal coefficients and the tariff scheme, a change that materially affects the concession’s revenue and the deal’s financial viability.
  • The winning bidder must meet binding investment and service targets that include US$1,940 million in the first five years and US$15,040 million over 30 years plus coverage goals for water and sewer access.
  • The sale proceeds are about US$110–160 million below the Ministry’s expectations and will be folded into the government’s external-debt financing plan, while ties between Transclor owner Mauricio Filiberti and AySA supply contracts raise scrutiny over procurement and vertical relations.