As Ivanka Trump visits, U.S. OKs $400 million Argentina highway investment


  • World
  • Friday, 06 Sep 2019

Members of the U.S. and Argentine delegations pose with White House adviser Ivanka Trump at a scenic viewing stop in Purmamarca, Argentina September 5, 2019. REUTERS/Kevin Lamarque

BUENOS AIRES (Reuters) - The United States has approved a $400 million (324.37 million pounds) highway investment in Argentina as President Donald Trump's eldest daughter Ivanka Trump visits the South American nation on a wider tour of the region.

Ivanka Trump, a White House adviser, is on a Latin American trip that includes visits to Colombia and Argentina's remote northern province of Jujuy, after which she will leave for neighbouring country Paraguay.

The Overseas Private Investment Corporation (OPIC), the U.S. government's development finance body, said its directors had approved the financing to expand and upgrade an 876-km (544-mile) toll road stretching from Buenos Aires to the Chilean border to the west of the country.

"Safe highways and road networks that support commerce are critical to creating a healthier economy for the people of Argentina," OPIC acting President and Chief Executive David Bohigian said in a statement.

The announcement was made in Jujuy where the U.S. delegation led by Ivanka Trump met with Argentine Foreign Minister Jorge Faurie and Minister of Transportation Guillermo Dietrich.

Argentina President Mauricio Macri, a market-friendly conservative who was roundly beaten in a primary election last month, has been pushing to lure investment into infrastructure projects to help revive growth in the recession-hit country.

(Reporting by Eliana Raszewski and Adam Jourdan; editing by Jonathan Oatis)


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 7
Cxense type: free
User access status: 3
   

Across The Star Online


Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia