Argentina awards US$582mn gas pipeline project

Thursday, February 18, 2016

Argentina's Córdoba province awarded contracts to three groups for the construction of a 2,336km, 8.64mn-peso (US$582mn) natural gas pipeline.

Contracts were awarded to Brazilian construction giant Odebrecht, as well as the China Petroleum Pipeline Bureau-Electroingeniería and China Communications Construction Company-Iecsa groups.

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The pipeline will serve 700,000 residents in 166 towns, with construction set to begin in July and last 33 months, the local government said in a statement.

The pipeline will cost US$58/inch-meter to build, said governor Juan Schiaretti, compared to US$103/inch-meter for the US$3bn GNEA pipeline under development in the country's northeast.