China Signs $4.7 Billion in Rail Projects with Argentina, Including Connection to the Country’s Massive Vaca Muerta Shale Gas Deposits

On December 15, Argentina’s Minister of Transport, Mario Meoni, acknowledged that a Norpatagonico railway rehabilitation agreement signed between the government and China's state-owned China Machinery Engineering Corporation (CMEC) late last week, was partly intended to improve access to Argentina’s strategically significant Vaca Muerta shale gas deposits in the southern region of the country.

Portuguese Company, with Recent CCCC Stake, Obtains 30-year Concession for Mexico Road Project

On December 11, it was reported that Mota-Engil Mexico (MEM) had won a 30-year concession contract for the construction, operation, and maintenance of the $291 million Tultepec-AIFA-Piramides highway. The news comes two weeks after the announcement that CCCC had acquired a significant stake in the company’s Portuguese parent, Mota-Engil, providing critical funding.

Ukraine in Negotiations with Chinese State-Owned Company for Investment in Airports

On December 2, the Ukrainian State Agency for Infrastructure Projects (Ukrinfraproekt) announced that it had begun negotiations with state-owned China Airport Construction Group Corporation (CACC) to involve the company in the upgrade of several domestic airports across the country. The discussion reportedly has roots in a 2018 memorandum of cooperation signed by both parties.