Overview
- The government opened economic bids on Thursday and the consortium led by Rowing with PHX Aqua, Arcos and Transclor offered US$340.2 million for 90% of AySA while Roggio’s group bid US$285 million.
- The offers fall short of the Treasury’s informal target of about US$450–500 million so the sale will provide less foreign currency than officials had planned.
- The apparent winner now faces a short administrative review period that can include challenges and a formal adjudication that could be completed within days if no extensions are granted.
- The concession binds the operator to heavy obligations including roughly US$1.94 billion in investments from 2027–2031 and about US$15.04 billion over the 30‑year term plus specific water and sewer coverage targets.
- The presence of Transclor’s owner Mauricio Filiberti in the leading consortium raises scrutiny about future procurement and vertical links with suppliers and utilities while the October 26 ERAS hearing will materially affect the concession’s financial model.