As Ivanka Trump Visits, U.S. OKs $400 Million Argentina Highway Investment

Kevin Lamarque/Reuters

The United States has approved a $400 million 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 neighboring 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)

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Karin Callaway
Member

If it gives jobs to the South American people, then do it. At least they can stay there and not try to invade the U.S.

Screwtape
Member

So why build in Argentina? Dollar diplomacy. Unlike foreign aid, if the local government’s corruption/inefficiency skims off the top at least there will be a road as the end result.

….and it’s a two-fer. Argentina AND Chile.

Screwtape
Member

$400M is a rounding error in the gov’t budget and would, maybe, fix some potholes here in the US. It would barely build ONE mile of light-rail (an idiot’s moneyhole).

Why? Regulations. EPA reports and other bureaucratic redtape. Union demands.

Greg Warhol
Member

This is pure BS! Spend on our roads first! WE HAVE NO MONEY!!!

James
Member

>Always Confused One<

I still have not figured out why YOU are so interested in what President Trump does since YOU are clearly anti-American prosperity and against the good that he has done and is doing for the entire population here in the United States. Sort of thought you Socialists would be trying to worm your way into getting some American taxpayer money to repair your crap hole environments and "utopias" like Venezuela, Cuba, North Korea, et al.

Jaakko
Member

If US is not going to get involved – China will.
China is making huge investments in Africa, South and Central America, and even in Europe
• Providing loans which
• Governments eventually cannot repay so
• China will foreclose on the collateral and thus gain the ownership of critical assets
• China already owns a significant portion of Panama Canal, as well as The Port of Athens in Greece
• Watch out for the rebuilding of Bahamas!

Kathy Garry Moynan
Member

But we can’t get our own roads and bridges fixed! Why?

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