Argentina River Auction Draws Fire From U.S. Dredger Over 'Cooked' Tender

By Patrick Gillespie (Bloomberg) — A US dredging company is calling out the bid terms of President Javier Milei’s signature concession in Argentina, claiming they’re tilted in favor of a consortium with past ties to China. 

Great Lakes Dredge & Dock Co. has committed to help dredge the Paraná River deeper if its partner, Belgium-based Dredging Environmental & Marine Engineering NV, wins the formal bid placed in February. DEME is competing with a group led by Jan de Nul NV, also of Belgium, which has dredged the Paraná since the 1990s. A winner could be announced in May or June.

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