Status of the National Transport Plan and its impact on the development of the country

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1 Status of the National Transport Plan and its impact on the development of the country

2 CHALLENGES ACROSS THE TRANSPORT SECTOR PORTS AND WATERWAYS ROADS 40% of the network in poor conditions 95% of freight transported by truck. AIR SECTOR FREIGHT RAILWAYS 5% the total freight Average speed: 14km/hour URBAN MOBILITY Limitations on infrastructure don t allow the operation of large ships. Lack of access infrastructure. Loss of competitiveness. Low domestic connectivity. Half the number of pax/capita than in the rest of the region. Space for improvements in safety and air traffic control. 15M users in MRBA. Absence of public transport in the provinces Low quality infrastructure.

3 VISION Carrying out the most ambitious Transport Plan in the history of the country, with a federal vision; integrated and intermodal transport that provides conditions of excellence for the mobility of people and goods; reduces transportation times, costs and negative externalities; and fundamentally maximizes safety, comfort and sustainability.

4 STRATEGIC GOALS INFRASTRUCTURE Transforming, developing and modernizing the infrastructure for transport in the country, through a federal strategy, improving the connectivity and productivity of the regional economies, especially the ones that have been most left behind. PRIORIZATION Managing in an efficient and sustainable way the different modes of transport, to contribute to the economic growth and to reduce the logistic costs, defending the interests of users. Prioritizing the sustainable modes of transport and the individual non-motorized mobility. SAFETY Positioning security as the center of actions associated with transportation in all its forms and in a transversal way to all the areas of the Ministry. EMPLOYMENT AND PEOPLE Strengthening quality work, favoring the generation of direct and indirect employment in the execution of works; The creation of new jobs based on the opportunities generated by the development of infrastructure; and ongoing training to professionalizing and prioritizing public and private employment in the field of transportation. TRANSPARENCY Eliminating corruption and ensuring transparency in purchases, contracting and control of works, as well as in all acts of government of the Ministry of Transport.

5 INVESTMENT PLAN USD 33,270 Public investment (million USD) Private investment TOTAL Air sector ,350 2,810 Freight railways ,550 1, ,200 Urban transport 750 2,750 3,000 3,000 9,500 Roads 1,900 2,100 3,000 3,000 2,000 12,000 Ports ,500 4,760 TOTAL 3,010 5,760 8,050 8,100 8,350 33,270

6 Roads USD 12,000 M INVESTMENT NATIONAL ROAD NETWORK Long term plan for 2027 RN 7 - Lujan a Giles JOB GENERATION: 100,000 2,800 km new highways 2,500 km safe roads 13,000 km rehabilitated roads 2500 new engineering projects 2,000 Km km new pavings 825 works USD 35,000 M LONG TERM PLAN 2027 Highways Safe roads We have already achieved 50%

7 Roads INTEGRATION WITH CHILE BINATIONAL TUNNEL AGUA NEGRA Investment USD 1,500 M It will go through the Andes Mountain linking the province of San Juan (Argentina) and Coquimbo Region (Chile). Two independent tunnels 14 km long at 4.080m above sea level. Main advantages: Developing a logistic corridor from Porto Alegre, Brasil, up to Coquimbo in Chile to strengthen regional economies, offering a straight exit to the Pacific Ocean. Contributing to the diversion of flows in the Cristo Redentor System during seasonal closure due to bad weather conditions. Generating jobs, developing technology and capacity that will strengthen Argentinean road engineering sector. CRISTO REDENTOR SYSTEM Main border crossing between Argentina-Chile, with more than 4,5 M tons/year. Main mountain chain crossing in Latin America. Daily mean transit of vehicles (20% of which are trucks) Investment USD 750 M Executive project for the first stage is currently being developed together with IADB.

8 Roads LARGE INFRASTRUCTURE PROJECTS SANTA FE PARANÁ BRIDGE Investment USD 1,100 M Currently in pre-project development. Public tender planned for the fourth quarter km in longitude; 50 m height. Access lanes from road 168 y connectivity with roads 14, 12 and 11. CORRIENTES RESISTENCIA BRIDGE Investment USD 750 M Executive project contracted with UTE Consulbaires-Consular-IATASA. Public tender planned for the fourth quarter km in longitude and 30 meters in height. Access lanes from roads RN 11 y RN 12.

9 Roads ROAD CORRIDORS PUBLIC PRIVATE PARTNERSHIP 6,576 km under the new concession scheme of national roads 11 projects to be tendered by ,000 M USD investment expected in the next 5 years. 7,000 km of resurfaced roads and new hard shoulders. 1,400 km of new highways on high volume corridors. 11 PPP in total: 8 corridors (between 600 and 900 Km extension) & 3 access to ports (Bahía Blanca and Rosario, and South access of Buenos Aires) Income from toll & fixed fee guaranteed by the National Government in the first 7 years (funded by resources from a fuel fund established by law). Planned schedule: Data room: Tender: end of 2017.

10 Roads IMPACT ON ECONOMY: Road asphalt production 2017 is projected to be the best year in history (580,000 TN). March 2017 was the best month in history: 53,466 tn. (The previous record was November 1998) Consumption of road asphalt , , , , , , , , , , , , , , , , , , , , Road asphalt Real consumption actuality Projection 2017 Selling of asphaltic plants 2013/15: average 4 plants per year 2016: 32 plants 1st quarter 2017: 4 plants per month

11 Freight trains WHERE ARE WE GOING: Freight network completely rehabilitated and 15% of freight transported by train in 2035 Network fully enabled JOB GENERATION: 25,000 DIRECT Tns transported TOTAL INVESTMENT USD 15,000 M Renewed track Km rehabilitated tracks Heavy maintenance

12 Freight trains WHAT DID WE RECEIVE? Declining freight railways The average commercial speed of Belgrano Cargas is 14 km/h. 45% of the tracks (4,000 km) with caution alert, which led to a significant drop in average speed. 1.5 derailments per day in the Belgrano Cargas network and 1.3 cuts on tracks (1st half 2016) Authorized speed on rails: 1984 vs Córdoba Dean Funes Recreo Frías La Madrid Tucumán 0 * Primer semestre 2016

13 Freight trains TN IN A YEAR THE NEW MANAGEMENT REVERTED THE TREND We reverted the trend in Revertimos 2016 with an la tendencia annual growth en 2016 of 3% con un crecimiento del 3% The Belgrano Line had its best December with 121,418 Tn -17% -17% -24% -20% Operational action groups: Time reduction of 56% in derailing liftings year 13

14 Freight trains RENEWAL OF BELGRANO CARGAS LINE 20,600 employments (direct + indirect). Renewal of 1,593 km 38 months Investment: USD 2,600 M Chinese funding CMEC + CAF + Treasury

15 Freight trains EMPLOYMENT LOGISTIC COSTS EXTERNALITIES EFFICIENCY RENEWAL OF SAN MARTÍN LINE Renewal of 1,626 km 39 months Investment USD 2,800 M 5 Provinces (Buenos Aires, Santa Fe, Córdoba, San Luis and Mendoza) Solution of a limitation to the competitiveness of the regional economy. The project will generate 26,000 jobs (direct + indirect) 72% of local input. The cost of transport will decrease by 55%, on average for the 12 M Tns that will be derived from truck to train M USD/year of savings in logistics. Reduction of road accidents and reduction of GHG emission. Operational costs will be reduced significantly due to the decrease of rolling material weariness and derailings (in 2016 there were 91)

16 Freight trains EMPLOYMENT FREIGHT VOLUME EXTERNALITIES EFFICIENCY RENEWAL OF ROCA LINE VACA MUERTA Recovery 700 km 36 months Investment + USD 530 M Funding PPP 1 Pto. Bahía Blanca 20 km/ 50 M USD 2 Improvement/Renewal B. Blanca Chipolletti 540 km/ 300 M USD 3 Renewal Chipollelti - C. Cordero 30 km / 30 M USD 4 New layout C. Cordero Añelo 85 km / 150 M USD The 4 stages of the project will generate 3,500 jobs M Tn M Tn M Tn The only viable alternative for transporting this volume. Reduction on logistics costs for the transport of potassium (Project Vale). Reduction of road accidents and reduction of emission of GHG. Time optimization on transport and therefore a reduction on operational costs. Improvement on capacity of standard transport TN/axis.

17 Freight trains WHAT ARE WE DOING? Recovering the freight network Never in history there was such an investment on the freight network infrastructure. USD 6 billions investment on infrastructure BELGRANO CARGAS Today we have 800 km of rails being renewed. In April 2017 we will have: 1,593 km of rails being renewed. USD 2,600 M investment. 20,600 employment generated (direct + indirect). SAN MARTÍN In 2018 we will begin the construction: 1,626 km of rails to renew. USD 2,800 M investment. 26,000 employment generated (direct + indirect). ROCA We began to negotiate: 700 km of rails to renew. USD 530 M investment. 3,500 employment generated (direct + indirect). 17

18 Freight trains IMPACT ON THE ECONOMY: MORE PRODUCTION AND PRIVATE INVESTMENT in stock centers and loading facilities. Private investment as a complement of public investment : 12 companies will add 1.5M Tn of capacity to the network with a USD 113 M investment Four of these companies are already investing USD 33 M Pampa del Infierno Ramal C12 Charata Ramal C3 USD 12M USD 3.4 M Pampa del Infierno Ramal C12 USD 8.4M 17% Tucumán Ramal C8 USD 9M

19 Freight trains IMPACT ON ECONOMY: GROWTH ON PRODUCTION AND TRANSPORT MODAL SHARE TRAIN 103 M TN RIVER/SEA 22 M TN TRAIN 22 M TN RIVER/SEA 12 M TN M tn ROAD 410 M TN M tn CAMIÓN ROAD M TN tn

20 Ports and waterways WHERE ARE WE GOING: MULTIPLY WATER CARGO. Modern ports. Predictable and safe navigation. Improve industry competitiveness. Develop our merchant navy and increase domestic use. Increase dredging through publicprivate partnerships. Infrastructure works in ports and waterways (improve navigation safety). INVESTMENT USD 260 M WORKS + 2 ports for 30 M USD under construction 4 Works to start for 84 M USD 3 projected works for 31 M USD CURRENT PRIVATE INVESTMENT USD 2,500 M

21 Roads IMPROVEMENTS IN PORTS ACCESS Eliminating bottle necks and improving bypasses ROSARIO Investment USD 657 M Road works and new accesses to Rosario Port (267 km) Rail accesses to new ports. Reduction of transport and operational costs in ports. BAHÍA BLANCA Investment USD 557M Highway construction in the intersection of National Roads 3 and 252 and part of the beltway in road 33 (corridor linking Bahia Blanca with Rosario) Three-level distributor over the Cholo Crossing, instead of the current roundabout at ground level. Toepfer Pto. de San Martín Santa Fe Puerto de San Martín Santa Fe BUENOS AIRES Investment USD 900 M Construction of Paseo del Bajo : access to Buenos Aires Port Building 11 km of highway between provincial road 11 and Industrial Park (Tecplata). 21 Buenos Aires 9

22 Ports and waterways BUENOS AIRES PORT EXPANSION The most important container terminals of Argentina can handle in total 1,5 million TEUs. Investment in the layout of the terminals in order to increase capacity and receive new generations ships (Post-Panamax). Current concessions expire in 2019 and we expect the tender process to be launched during Investments are estimated in around 2,000 M USD including access infrastructure in order to increase capacity of the port.

23 Ports and waterways ARGENTINA HAS ONE OF THE MOST IMPORTANT GRAINS EXPORT NODE Ports of Rosario - Timbúes 74 M TNS OF GRAINS AND SUBPRODUCTS 25 TERMINALS 4,700 TRUCK/DAY Terminal 6 Is one of the biggest grain exporter terminal in the World. Historic record in 2016 of 12.2 million tons (50% growth versus 2015). Ports of Quequén Historic exports record: it grew 45% compared to 2015, 7,7 million of tons Ports of Bahía Blanca - Rosales 10,5 M of tons of grains and subproducts Subsecretaría de Planificación de Transporte de Cargas y Logística

24 Quality public transport BUENOS AIRES METROPOLITAN REGION 15 MILLION INHABITANTS 2,590 KM2 22,000,000 daily trips PUBLIC TRANSPORT 49 % 39 % 6 % 4 %

25 Quality public transport BUS RAPID TRANSIT SYSTEM IN ARGENTINA Buenos Aires Metropolitan Area Completed Juan B. Justo 9 de Julio Sur Norte Under construction Tres de Febrero Del Bajo (Alem) Projected Morón) 25 de Mayo San Martín La Matanza 2,5 million daily users

26 Quality public transport USD 14,187 M INTEGRAL PLAN FOR METROPOLITAN PASSENGER TRAINS ( ) Investments in progress USD 816M Automatic Trains Stops USD 570M Railway renewal USD 100M Powering USD 731M New stations and technologies USD 3,240M 100% new rolling stock USD 193M Workshops USD 5,650 M Strategic works in progress USD 3,244M Regional Express Network USD 3,000M Undergrounding USD 1,360M Viaducts and PBN USD 933M Electrification USD 8,537 M

27 Quality public transport REGIONAL EXPRESS NETWORK Belgrano Norte Line 900,000 San Martín Line 1,300,000 SAN MARTIN CASEROS Sarmiento Line 1,700,000 OESTE 1,700,000 Belgrano Sur Line 1,500,000 A. DEL VALLE NORTE 3,600,000 S A N M A R T I N NUÑEZ Mitre Line 1,500,000 COLEGIALES LA PATERNAL SUR 5,500,000 PLAZA MISERERE VILLA SOLDATI CENTRAL ROCA CONSTITUCION Roca Line 4,000,000 10,800,000 RETIRO CORREO CENTRAL CENTRAL SARMIENTO STAGE 1: ROCA (7 kms) 1 Up to Constitución underground station. Period Investment: USD 283 M 2 Connection Roca Central Station a up to La Paternal. b up to Colegiales. c up to Nuñez. Period: Investment: USD 1262 M STAGE 2: MITRE SARMIENTO (6 kms) TOTAL BENEFITED POPULATION 1 Up to Correo Central. Period: Investment: USD 484 M 2 Connection Sarmiento. Period: Investment: USD 438 M STAGE 3: BELGRANO (7 kms) BELGRANO SOUTH /BELGRANO NORTH. Period: Investment: USD 760 M STAGE 4: EXTENSIONS RER 1 SAN MARTIN up to Caseros. Period: MITRE up to San Martín. Period: TAPIALES 3 BELGRANO Sur hasta Tapiales. Plazo de la obra:

28 Quality public transport RAILWAY VIADUCTS IN BUENOS AIRES MITRE TIGRE 110 M USD 21 months September 2019 SAN MARTÍN 140 M USD 28 months July 2019 Work in progress BELGRANO SUR 135 M USD 28 months October 2018 Work in progress TOTAL INVESTMENT 385 M USD

29 Quality public transport ELECTRIFICATIONS Electrification Roca 250 M USD Electrification San Martín 520 M USD Electrification Belgrano Sur 480 M USD Re-electrification Mitre 783 M USD Electrification Belgrano Norte 602 M USD WORK IN PROGRESS Electrification Roca line

30 Quality public transport SARMIENTO S UNDERGROUNDING Invesments in progress WORK IN PROGRESS Actualizar ambas imágenes con avance de obra mostrar el tunel TOTAL INVESTMENT U$S 3,000 M Elimination of 49 low level crossings 20,000 daily vehicles 180,000 daily passangers 25% travel time reduction

31 Quality public transport AUTOMATIC TRAIN STOP (ATS) Investing in safety Contract granted to 300 million passengers per year WORK IN PROGRESS 260 M USD 8 railway lines (Urquiza, Belgrano Norte, Belgrano Sur, Roca, Mitre, San Martín and Sarmiento) 1,462 km of rail

32 Quality public transport FUTURE TENDER OF ROLLING STOCK URBAN TRAINS ONE OF THE BIGGEST ROLLING STOCK TENDERS OF THE YEAR Detail Units Total Broad Gauge Electric Cars (1676/25Kv, 50Hz) Numbers of Train Electric Train Maintanance USD M 1,806 6,24 6,24 41,6 95,68 166, ,96 540,8 459,08 Units USD M 45,9 1,8 3,6 9 10,8 20,7 Units DATA ROOM in January 12 internacional companies 485 business inquiries Financing conditions COMPANY ALSTOM TALGO France España COUNTRY COMPANY MITSUBISHI KBR Japan USA COUNTRY Lead time BOMBARDIER SIEMENS Germany Germany STADLER RAIL CAF Switzerland Spain CRRC China TRANSMA HOLDING Russia HYUNDAI ROTEM Korea MARUBENI Japan

33 Airplane revolution AIR MARKET Doubling the number of domestic passengers Ezeiza s airport today Enhanced domestic and international connectivity More routes and frequencies Ezeiza s new airport Additional safety Better travel experience

34 Airplane revolution NEW COMPANIES AVIANCA LOCAL INVESTMENT PLANS USD 220 millions 12 ATR Embraer direct jobs NORWEGIAN LOCAL INVESTMENT PLANS USD B 40 airplanes (approx. 27 purchase and 13 by leasing) 1,250 direct jobs

35 Airplane revolution MODERNIZING AIRPORT INFRASTRUCTURE, INVESTMENT IN NEW TECHNOLOGY AND EQUIPMENT Aeroparque s airport today INVESMENT ,400 M USD 3x the investment of the previous 4 years New Aeroparque s airport 19 airports

36 Airplane revolution 8 AIRPORTS ALREADY COMPLETED Córdoba Mendoza Río Gallegos Salta Trelew Iguazú Chapelco Tucumán Iguazú Trelew Tucumán Córdoba Mendoza

37 Airplane revolution 9 AIRPORTS WORKS IN PROGRESS Comodoro Rivadavia Aeroparque Ezeiza Jujuy Salta San Fernando San Juan San Luis Bariloche Ezeiza Jujuy Comodoro Rivadavia Aeroparque

38 TRANSPARENCY - PROGRESS IN TENDERING PROCESSES Main actions: Online (web) publishing of all processes and documents, available openly and for free. Advance publication of general guidelines + Procedural Manual. Mechanisms to avoid cartelization. Opening internal borders and tenders for international companies. New tendering strategies (lump-sum processes, possibility of improving offers) Adequacy of HR and internal processes. Adequacy of tender documents Improvement in tendering processes times

39 Tenders 2017 Expected tender figures 2017 SECTOR # TENDERS BUDGET (USD) Highways and roads Railways Urban Transport Airports Ports USD 6,687 M USD 891 M USD 2,510 M USD 750 M USD 109 M TOTAL 196 USD 10,947 M

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41 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Highway NOA corridor RN 9 T-04: Access to Tucumán Tucumán 21 may-17 Treasury Highway NOA corridor RN 9 T-04: Access to Tucumán Tucumán 13 may-17 Treasury Repaving Paving RP 126 (Corrientes) RP 126 T-01: Int. RN 14 - Curuzú Cuatiá Corrientes 19 may-17 Treasury - CAF Repaving Paving RP 126 (Corrientes) RP 126 T-02: Curuzú Cuatiá - Sauce Corrientes 24 may-17 Treasury - BIRF Paving Paving RP 126 (Corrientes) RP 126 T-03: Sauce - Int. RN 12 Corrientes 48 may-17 Treasury - N/S Highway AU RN 5 Luján - Carlos Casares RN 5 T03: Mercedes - Suipacha Buenos Aires 58 may-17 Treasury Paving Paving RP 40 Int. RN Int. RP 41 RP 40 Int. RN Int. RP 41 Corrientes 27 may-17 Treasury - BID Highway Repaving Others Rehabilitation and access to Barranqueras Rehabilitation and access a Barranqueras Rehabilitation and access a Barranqueras RN 16 Distribuidor Acceso a Barranqueras Corrientes - Chaco 9 may-17 Treasury RN 16 Rehabilitation of road accesso to Barranqueras. Chaco 5 may-17 CAF Many Parking for trucks Chaco 4 may-17 CAF Repaving Corridor NOA RN 66 Int. RN 9 - Int. RN 34 Jujuy 23 may-17 Treasury Recovery and maintenance Crema MALLA 104 RN 152 / RN 143 Int. RN35 - Chacharramendi La Pampa 24 may-17 Treasury

42 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Recovery and maintenance Recovery and maintenance Crema MALLA 408a RN 60 / RN 157 T-01: Lte. Cordoba -Emp.Rn157 ; T-02: Int. RN60 - Frias Catamarca 24 may-17 Treasury Crema MALLA 408d RN 157 Acc. Frías - Int. RP329 Tucumán 24 may-17 Treasury Highway Highway Cañuelas - Olavarría RN 3 T-03: Variante a S. M. Monte Buenos Aires 49 may-17 Treasury Recovery and maintenance Crema MALLA 131 RN 237/RN 234 T-01: Int. RP 27 - Pte A Limay Chico ; T-02: Int. RN 40 - Int. RN 237 Neuquén 27 may-17 Treasury Highway AU RN 95 urban road Saenz Peña RN 95 Calle 251 (km 1109,4) - Calle 351 (km 1115,7) Chaco 12 may-17 CAF Highway AU RN 40 Mendoza - San Juan RN 40 T01: Acc. Aeropuerto El Plumerillo - Lte. Me/SJ Mendoza 178 may-17 Treasury Highway AU RN 33 Rufino - Rosario RN 33 T-04: Cnia. Las Flores - Pérez Santa Fé 153 may-17 Treasury Safe Roads AU RN 158 San Francisco - Río Cuarto RN 58 San Francisco - Río Cuarto Córdoba 86 may-17 Treasury Safe Roads AU RN 158 San Francisco - Río Cuarto RN 158 San Francisco - Río Cuarto Córdoba 90 may-17 Treasury Highway AU RN 20 Caucete - San Juan RN 20 Caucete - San Juan San Juan 50 may-17 Treasury Repaving Reconstruction RN 152 Gral. Acha - Puelches RN 152 Gral. Acha Puelches La Pampa 33 jun-17 Treasury Safe Roads Corredor RN 3 Tierra del Fuego RN 3 Corredor Tierra del Fuego Tierra del Fuego 29 jun-17 Treasury Highway Safe Roads RN 11 Formosa - Clorinda RN 11 T-05: Circunvalación a Formosa Formosa 33 jun-17 Treasury

43 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Highway AU RN 8 Pergamino - Venado RN 8 Variant Venado Tuerto Santa Fé 38 jul-17 Treasury Paving Road Corridor RN 40 Los Cipreses - Samoré RN 0259 T-01: Futaleufú - Int. RN 40 Chubut 4 jul-17 Treasury Paving Safe Roads RN 40 San Juan - SJ Jáchal RN 40 T-02: Talacasto - Int. RN 150 San Juan 54 jul-17 Treasury Paving New RN 151 Neuquén - Dique Ballester RN 151 T-07: Int. RP 7 - Int. RN 1V22 Neuquén 13 jul-17 Treasury Highway Corridor NOA RN 34 T-06: Rosario de la Frontera - Acc. A Salta Salta 75 jul-17 Treasury Special Work Corridor NOA RN 34 T-06: Rosario de la Frontera - Acc. A Salta Salta 89 jul-17 Treasury Special Work Corridor NOA RN 34 T-06: Rosario de la Frontera - Acc. A Salta Salta 89 jul-17 Treasury Ruta Nueva Reconstruction RN 149 Calingasta - Las Flores RN 149 T-02: Calingasta - Iglesia San Juan 35 ago-17 Treasury Paving Paving RN 149 Uspallata - Barreal RN 149 T-01: Uspallata - Calingasta Mendoza 21 ago-17 Treasury Highway NOA Corridor RN 9 T-03: Termas de R Hondo - Tucumán Tucumán 126 ago-17 Treasury Highway NOA Corridor RN 9 T-03: Termas de R Hondo - Tucumán Tucumán 84 ago-17 Treasury Highway NOA Corridor RN 34 T-07: Acc. A Salta - San Pedro de Jujuy Salta 44 ago-17 Treasury Highway AU RN 33 Rufino - Rosario RN 33 T-02: San Eduardo - Chovet Santa Fé 204 sep-17 Treasury

44 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget(Milli on USD) Tender Source of funding Highway AU RN 34 Rosario - Sunchales RN 34 T-03: San Genaro - Cañada Rosquín Santa Fé 122 sep-17 Treasury Highway AU RN 34 Rosario - Sunchales RN 34 T-04: Cañada Rosquín - Int. RN 19 Santa Fé 134 sep-17 Treasury Paving Paving National Road N 78 - Tramo: Chilecito - Tinogasta - Sección RN 78 Chilecito - Tinogasta La Rioja, Catamarca 7 sep-17 Treasury Recovery and maintenance Recovery and maintenance Recovery and maintenance Cerma MALLA 204 RN 9 Villa del Totoral - Lte. Santiago del Estero Córdoba 17 sep-17 Treasury Cerma MALLA 504 RN 14 Lte. Corrientes - Campo Grande Misiones 23 sep-17 Treasury Cerma MALLA 539 RN 14 Campo Grande - Int. RP 20 Misiones 23 sep-17 Treasury Highway AU RN 5 Carlos Casares - Santa Rosa RN 5 Anguil - Int. RN 35 La Pampa 80 sep-17 Treasury Special Work Access to Ports of Rosario RM VARIAS Accesos a Terminales de Timbués y San Martín Santa Fe 65 oct-17 Treasury Safe Roads AU RN 14 Libres - Posadas RN 14 Paso de los Libres - Posadas Corrientes 26 oct-17 Treasury Safe Roads Safe Roads RN 14 San José - San Vicente RN 14 San José - San Vicente Misiones 30 oct-17 Treasury Safe Roads Safe Roads RN 14 San José - San Vicente RN 14 San José - San Vicente Misiones 32 oct-17 Treasury Safe Roads Safe Roads RN 14 San José - San Vicente RN 14 San José - San Vicente Misiones 31 oct-17 Treasury Safe Roads AU RN 34 Sunchales - Taboada RN 34 Sunchales - Taboada Safe Roads AU RN 34 Sunchales - Taboada RN 34 Sunchales - Taboada Santiago del Estero Santiago del Estero 32 oct-17 Treasury 21 oct-17 Treasury

45 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Safe Roads AU RN 34 Sunchales - Taboada RN 34 Sunchales - Taboada Santiago del Estero 30 oct-17 Tresuary Highway Access to Ports of Rosario RN A12 Int. RN 9 (a Bue) - Int. RN 11 Santa Fé 120 sep-17 Treasury Highway Access to Ports of Rosario RN A12 Int. RN 9 (a Bue) - Int. RN 11 Santa Fé 75 sep-17 Treasury Highway Access to Ports of Bahía Blanca RN 3 T-01: Paso Urbano por Bahía Blanca Buenos Aires 49 oct-17 PPP Highway AU RN 205 Cañuelas - Saladillo RN 205 T-01: Cañuelas - Lobos Buenos Aires 108 oct-17 PPP Highway AU Cañuelas - Olavarría RN 3 T-05: Las Flores - Azul Buenos Aires 110 oct-17 PPP Highway AU Cañuelas - Olavarría RN 3 T-05: Las Flores - Azul Buenos Aires 140 oct-17 PPP Special Work National Road N 9 - Acceso Parque industrial y puertos de Zárate RN 9 Access to industrial park and Zarate ports Buenos Aires 7 oct-17 PPP Highway AU RN 5 Luján - Carlos Casares RN 5 T04: Suipacha - Chivilcoy Buenos Aires 70 oct-17 PPP Highway AU Cañuelas - Olavarría RN 3 T-04: S. M. Monte - Las Flores Buenos Aires 65 oct-17 PPP Highway AU Cañuelas - Olavarría RN 3 T-04: S. M. Monte - Las Flores Buenos Aires 99 oct-17 PPP Highway AU RN 33 Bahía Blanca - Pigüé RN 33 T-02: Bahía Blanca - Pigüé Buenos Aires 90 oct-17 PPP

46 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Special Work Cristo Redentor System RN 7 T03: Potrerillos - Uspallata Mendoza 60 oct-17 PPP Tender Source of funding Special Work Cristo Redentor System RN 7 T05: Uspallata - Acc. Tunel Libertadores Mendoza 100 oct-17 PPP Highway AU RN 3 Azul - Bahía Blanca RN 3 T-03: Dorrego - Bahía Blanca Buenos Aires 103 oct-17 PPP Highway AU RN 3 Azul - Bahía Blanca RN 3 T-03: Dorrego - Bahía Blanca Buenos Aires 90 oct-17 PPP Safe Roads Safe Roads AU RN 34 La Banda - Rosario de la Frontera AU RN 34 La Banda - Rosario de la Frontera RN 34 La Banda - Rosario de la Frontera Santiago del Estero 32 oct-17 Treasury RN 34 La Banda - Rosario de la Frontera Salta 22 oct-17 Treasury Special Work AU RN 22 Cipoletti - Zapala RN 22 T-02: Cipoletti - Neuquén Neuquén 100 oct-17 Treasury Highway NOA Corridor RN 34 T-01: Taboada - La Banda Santiago del Estero 181 oct-17 Treasury Special Work AU Cañuelas - Olavarría RN 226 T-06: Azul - Olavarría Buenos Aires 29 oct-17 PPP Safe Roads AU RN 3 Azul - Bahía Blanca RN 3 Azul - Bahía Blanca Buenos Aires 12 oct-17 PPP Safe Roads Safe Roads AU RN 5 Carlos Casares - Santa Rosa AU RN 5 Carlos Casares - Santa Rosa RN 5 Carlos Casares - Santa Rosa Buenos Aires 9 oct-17 PPP RN 5 Carlos Casares - Santa Rosa La Pampa 14 oct-17 Treasury

47 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Safe Roads Safe Roads RN 38 La Rioja - Alberdi RN 38 La Rioja - Alberdi Tucumán 34 oct-17 Treasury Tender Source of funding Highway AU RN 11 Resistencia - Formosa RN 11 T-02: Resistencia - Int. RP 90 Chaco 36 nov-17 Treasury Highway AU RN 33 Rufino - Rosario RN 33 T-05: Pérez - Int. RN A008 Santa Fé 27 nov-17 Treasury Safe Roads AU RN 5 Carlos Casares - Santa Rosa RN 5 Carlos Casares - Santa Rosa Buenos Aires 24 nov-17 PPP Safe Roads Corridor Iberá RN 12 Corredor del Iberá Corrientes 24 nov-17 Treasury Highway AU RN 12 Corrientes - Posadas RN 12 Corrientes - Posadas Corrientes 72 dic-17 Treasury Safe Roads AU RN 9 Córdoba - Santiago del Estero RN 9 Córdoba - Santiago del Estero Córdoba 22 dic-17 Treasury Safe Roads AU RN 9 Córdoba - Santiago del Estero RN 9 Córdoba - Santiago del Estero Santiago del Estero 23 dic-17 Treasury Safe Roads AU RN 9 Córdoba - Santiago del Estero RN 9 Córdoba - Santiago del Estero Santiago del Estero 29 dic-17 Treasury Repaving RePaving RN 16 RSP - Salta RN 16 T-02: Lte. Cha/Sgo - Lte. Sgo/Cha Santiago del Estero 22 dic-17 Treasury Special work Road connection to Resistencia bridge and Corrientes capital Many New bridge Resistencia - Corrientes Corrientes - Chaco 900 dic-17 PPP

48 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Special Wok Bridge Santo Tomé - Santa Fe RN 11 Conexión Vial Santa Fe - Santo Tomé Santa Fé 140,0 01/01/2018 TBC Tender Source of funding Special Wok Access to Ports of Rosario RN 1V11 Int. RN A012 - Int. AP 01 Santa Fé 117,0 01/01/2018 Treasury Highway Access to Ports of Bahía Blanca RN 3 T-01: Paso Urbano por Bahía Blanca Buenos Aires 71,5 01/01/2018 PPP Special Wok Access to Ports of Bahía Blanca RN 0252 T-01: Paso Urbano por Bahía Blanca Buenos Aires 84 01/01/2018 PPP Highway AU RN A005 Circunvalación Río Cuarto RN A005 Int. RN 8 - Int. RN 36 Córdoba 51,6 01/01/2018 Treasury Safe Roads AU RN 12 Corrientes - Posadas RN 12 Corrientes - Posadas Corrientes 21,3 01/01/2018 Treasury Repaving Repaving RP 1 Jujuy RP 1 T-08: San Pedro - Pichanal Jujuy 31,2 01/01/2018 Tresury - BID Special Wok Cristo Redentor System RN 7 T06: Adecuación de Túnel Libertador y Caracoles Mendoza /01/2018 PPP Safe Roads AU RN 11 Santa Fe - Reconquista RN 11 Santa Fé - Reconquista Chaco 21,1 31/01/2018 Treasury Safe Roads AU RN 14 Libres - Posadas RN 14 Paso de los Libres - Posadas Corrientes 30,6 31/01/2018 Treasury Safe Roads AU RN 35 Realicó - Río Cuarto RN 35 Realicó - Río Cuarto Córdoba 37,5 31/01/2018 Treasury Safe Roads Road Corridor Resistencia - Corrientes RN A030 Road Corridor Resistencia - Corrientes Chaco 20 31/01/2018 Treasury

49 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Safe Roads Safe Roads Safe Roads Safe Roads Safe Roads Safe Roads AU RN 3 Azul - Bahía Blanca AU RN 9 Córdoba - Santiago del Estero AU RN 22 Bahía Blanca - Chichinales AU RN 22 Bahía Blanca - Chichinales AU RN 34 Sunchales - Taboada AU RN 34 Sunchales - Taboada Safe Roads Safe Roads RN 127 Paraná - RN 14 Safe Roads Safe Roads RN 127 Paraná - RN 14 Safe Roads Safe Roads RN 127 Paraná - RN 14 Safe Roads Safe Roads RN 127 Paraná - RN 14 Highway Safe Roads Safe Roads Safe Roads AU RN 117 Santa Tomé - Libres AU RN 8 Río Cuarto - Villa Mercedes AU RN 8 Río Cuarto - Villa Mercedes AU RN 22 Bahía Blanca - Chichinales Budget (Million USD) Tender Source of funding RN 3 Azul - Bahía Blanca Buenos Aires 20,7 31/01/2018 PPP RN 9 Córdoba - Santiago del Estero Córdoba 21 31/01/2018 Treasury RN 22 Bahía Blanca - Chichinales Río Negro 21 31/01/2018 Treasury RN 22 Bahía Blanca - Chichinales Río Negro 11,4 31/01/2018 Treasury RN 34 Sunchales - Taboada Santa Fé 18 31/01/2018 Treasury RN 34 Sunchales - Taboada Santa Fé 21 31/01/2018 Treasury RN 0127 Paraná - RN 14 Entre Ríos 22,5 31/01/2018 Treasury RN 0127 Paraná - RN 14 Entre Ríos 19,2 31/01/2018 Treasury RN 0127 Paraná - RN 14 Entre Ríos 24,9 31/01/2018 Treasury RN 0127 Paraná - RN 14 Corrientes 12 31/01/2018 Treasury RN 0117 Int. RN 14 - Paso Intl. Libres Corrientes 6,7 01/02/2018 Toll RN 8 Río Cuarto - Villa Mercedes Córdoba 22,5 03/03/2018 Treasury RN 8 Río Cuarto - Villa Mercedes San Luis 9,0 03/03/2018 Treasury RN 22 Bahía Blanca - Chichinales Buenos Aires 21,9 03/03/2018 PPP 49

50 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Safe Roads AU RN 22 Bahía Blanca - Chichinales RN 0022 Bahía Blanca - Chichinales La Pampa 18,6 03/03/2018 Treasury Safe Roads AU RN 22 Bahía Blanca - Chichinales RN 0022 Bahía Blanca - Chichinales Río Negro 9,6 03/03/2018 Treasury Safe Roads AU RN 22 Bahía Blanca - Chichinales RN 0022 Bahía Blanca - Chichinales Río Negro 3,3 03/03/2018 Treasury Highway AU RN 34 Rosario - Sunchales RN 0034 T-02: Int. RN A012 - San Genaro Santa Fé 57,0 01/04/2018 Treasury Safe Roads Corridor Iberá RN 0123 Corridor Iberá Corrientes 16,6 02/04/2018 Treasury Safe Roads Safe Roads RN 174 Rosario - Villaguay RN 0174 Rosario - Villaguay Entre Ríos 17,4 02/04/2018 Treasury Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 64,5 02/04/2018 Treasury Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 60,0 02/04/2018 Treasury Safe Roads Safe Roads RN 14 San José - San Vicente RN 0014 San José - San Vicente Misiones 18,0 02/04/2018 Treasury Safe Roads Corridor NOA RN 0065 Corridor NOA Santiago del Estero 49,0 02/04/2018 Treasury Safe Roads Safe Roads Safe Roads RN 237 R Collón Curá - Bariloche Safe Roads RN 237 R Collón Curá - Bariloche RN 0237 R Collón Curá - Bariloche Neuquén 13,3 02/04/2018 Treasury RN 0237 R Collón Curá - Bariloche Neuquén 13,3 02/04/2018 Treasury Special Wok Access to Ports of Rosario RP 0010 Int. RN A012 - Int. AP 01 Santa Fé 7,5 02/04/2018 Treasury Repaving Repaving RN 16 RSP - Salta RN 0016 T-02: Lte. Cha/Sgo - Lte. Sgo/Cha Santiago del Estero 17,3 01/05/2018 Treasury

51 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Repaving Repaving RN 16 RSP - Salta RN 0016 T-02: Lte. Cha/Sgo - Lte. Sgo/Cha Santiago del Estero 13,8 01/05/2018 Treasury Safe Roads AU RN 33 Bahía Blanca - Pigüé RN 0033 Bahía Blanca - Pigüé Buenos Aires 18,6 03/05/2018 PPP Safe Roads AU RN 32 Pergamino - Rosario RN 0032 Pergamino - Rosario Buenos Aires 14,4 03/05/2018 PPP Safe Roads AU RN 32 Pergamino - Rosario RN 0032 Pergamino - Rosario Santa Fé 17,4 03/05/2018 Treasury Highway Repav Au 7 San Luis RN 0007 Variante Desaguadero Mendoza 30,0 01/06/2018 Treasury Highway AU RN 229 Bahía Blanca - Punta Alta RN 0229 T-03: Dorrego - Bahía Blanca Buenos Aires 25,9 03/06/2018 PPP Safe Roads AU RN 3 Azul - Bahía Blanca RN 0003 Azul - Bahía Blanca Buenos Aires 15,9 03/06/2018 PPP Special Wok Cristo Redentor System RN 0007 T04: Variante Uspallata Mendoza 25,0 01/07/2018 PPP Special Wok Road Corridor Resistencia - Corrientes RN A030 T-02: Segundo Bridge Resistencia - Corrientes Chaco - Corrientes 600,0 01/07/2018 Treasury Special Wok Access to Ports of Rosario RP 0091 Int. RN A012 - Int. AP 01 Santa Fé 17,5 01/07/2018 Treasury Special Wok Vial Integration Santa Fe - Paraná RN A007 T-02: Bridge SF-Paraná Santa Fé-Entre Ríos 500,0 01/07/2018 Treasury

52 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Safe Roads Vial Integration Santa Fe - Paraná RN A007 Vial Integration Santa Fe - Paraná Entre Ríos 14,0 01/07/2018 Treasury Safe Roads AU RN 3 Azul - Bahía Blanca RN 0003 Azul - Bahía Blanca Buenos Aires 15,0 03/07/2018 PPP Safe Roads AU RN 5 Carlos Casares - Santa Rosa RN 0005 Carlos Casares - Santa Rosa Buenos Aires 15,3 03/07/2018 PPP Safe Roads Corridor NOA RN 0009 Corridor NOA Tucumán 13,8 03/07/2018 Toll Safe Roads Corridor NOA RN 0009 Corridor NOA Tucumán 15,0 03/07/2018 Toll Safe Roads Safe Roads RN 33 Pigüé - Rufino RN 0033 Pigüé - Rufino Buenos Aires 18,3 03/07/2018 PPP Safe Roads Safe Roads RN 33 Pigüé - Rufino RN 0033 Pigüé - Rufino Buenos Aires 18,0 03/07/2018 PPP Safe Roads Safe Roads RN 33 Pigüé - Rufino RN 0033 Pigüé - Rufino Buenos Aires 19,2 03/07/2018 PPP Safe Roads Safe Roads RN 33 Pigüé - Rufino RN 0033 Pigüé - Rufino Buenos Aires 19,5 03/07/2018 PPP Safe Roads Safe Roads RN 33 Pigüé - Rufino RN 0033 Pigüé - Rufino Buenos Aires 15,0 03/07/2018 PPP Safe Roads Safe Roads RN 33 Pigüé - Rufino RN 0033 Pigüé - Rufino Buenos Aires 15,6 03/07/2018 PPP Safe Roads Safe Roads RN 33 Pigüé - Rufino RN 0033 Pigüé - Rufino Buenos Aires 15,0 03/07/2018 PPP Safe Roads AU RN 188 San Nicolás - Junín RN 0188 San Nicolás - Junín Buenos Aires 11,4 03/07/2018 PPP

53 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Safe Roads AU RN 188 San Nicolás - Junín RN 0188 San Nicolás - Junín Buenos Aires 16,8 03/07/2018 PPP Tender Source of funding Paving Paving RP 0008 Int. RN 12 - Int. RN 14 RP 0008 T-02: Int. RN 14 (Campo Grande) - Int. RN 12 (Jardín de América) Misiones 26,7 01/08/2018 Treasury Safe Roads AU RN 5 Carlos Casares - Santa Rosa RN 0005 Carlos Casares - Santa Rosa Buenos Aires 14,1 03/08/2018 PPP Highway AU RN 16 Resistencia - RSP RN 0016 T-03: Peaje Makallé - Int. RP 9 Chaco 32,0 03/10/2018 Tresuary Safe Roads Corridor NOA RN 0009 Corridor NOA Salta 8,4 03/10/2018 Toll Safe Roads Corridor NOA RN 0009 Corridor NOA Salta 7,2 03/10/2018 Toll Safe Roads AU RN 20 Caucete - San Juan RN 0020 Acceso Este San Juan San Juan 9,1 01/01/2019 Treasury Safe Roads AU RN 3 Azul - Bahía Blanca RN 0003 Azul - Bahía Blanca Buenos Aires 11,1 01/01/2019 PPP Safe Roads AU RN 9 Córdoba - Santiago del Estero RN 0009 Córdoba - Santiago del Estero Santiago del Estero 7,5 01/01/2019 Treasury Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 15,0 01/01/2019 Treasury Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 18,9 01/01/2019 Treasury Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 15,0 01/01/2019 Treasury

54 ROADS 182 future tenders : 10,082 M USD Contact: Javier Iguacel (Presidente, DNV) jiguacel@vialidad.gob.ar Category Description Road Section Province Budget (Million USD) Tender Source of funding Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 22,4 01/01/2019 Treasury Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 25,0 01/01/2019 Treasury Safe Roads AU RN 11 Santa Fe - Reconquista RN 0011 Santa Fé - Reconquista Santa Fé 18,9 01/01/2019 Treasury Safe Roads Corridor Iberá RN 0012 Corridor Iberá Corrientes 12,2 01/01/2019 Treasury Safe Roads AU RN 12 Corrientes - Posadas RN 0012 Corrientes - Posadas Corrientes 9,6 01/01/2019 Treasury Safe Roads AU RN 22 Bahía Blanca - Chichinales RN 0022 Bahía Blanca - Chichinales Río Negro 3,6 01/01/2019 Treasury Safe Roads AU RN 33 Bahía Blanca - Pigüé RN 0033 Bahía Blanca - Pigüé Buenos Aires 9,9 01/01/2019 PPP Highway AU RN 34 Rosario - Sunchales RN 0034 T-01: Int. RN A08 - Int. RN A012 Santa Fé 25,4 01/01/2019 Treasury Safe Roads Road Corridor RN 40 Los Cipreses - Samoré RN 0040 Futaleufú - Samoré Río Negro 5,7 01/01/2019 Treasury Repaving Repaving RN 16 RSP - Salta RN 0016 T-04: Quebrachal - Int. RN 9/34 Salta 12,0 01/04/2019 Treasury Repaving Repaving RN 16 RSP - Salta RN 0016 T-04: Quebrachal - Int. RN 9/34 Salta 17,4 01/04/2019 Treasury Safe Roads Road Corridor Resistencia - Corrientes RN A030 Road Corridor Resistencia - Corrientes Corrientes 24,0 01/07/2019 Treasury TOTAL USD 10,082 M

55 RAILWAYS 26 future tenders 2017: 891 M USD Contact: Guillermo Fiad (Presidente, ADIF) gfiad@adifse.gob.ar Category Description Province Budget (Million USD) Tender Source of funding Tracks Tracks renewal Suárez - Empalme Bancalari Buenos Aires 23 may-17 Treasury Tracks Tracks renewal Santa Fe Santa Fe 14 may-17 CMEC Signal and telecom Adequacy telegraph line Korn - Mar del Plata Buenos Aires 4 may-17 Treasury Tracks Tracks renewal stage III Belgrano Cargas Many 478 jun-17 CMEC Tracks Tracks renewal Congreso - Tigre Buenos Aires 32 jun-17 Treasury Civil Works New station Retiro Buenos Aires 30 jun-17 Treasury Tracks Trancks renewal Glew - Alejandro Korn Buenos Aires 10 jun-17 Treasury Tracks Railway crossing Mitre line Buenos Aires 4 jun-17 Treasury Civil Works Station Castelar - Central Walk Buenos Aires 2 jun-17 Treasury Signal and telecom Signal and telecom Once station Buenos Aires 73 jul-17 Treasury Civil Works Workshop San Martín line Many 13 jul-17 Treasury Civil Works Adequacy José C. Paz station - línea Mitre Buenos Aires 6 jul-17 Treasury Civil Works Renovation Morón station - Sarmiento line Buenos Aires 5 jul-17 Treasury

56 RAILWAYS 26 future tenders 2017: 891 M USD Contact: Guillermo Fiad (Presidente, ADIF) gfiad@adifse.gob.ar Category Description Province Budget (Million USD) Civil Works Rehabilitation bridge Belgrano Cargas Many 4 jul-17 CAF Tender Source of funding Tracks Tracks renewal Caroya section Córdoba 10 ago-17 Treasury Civil Works Low level crossing - Belgrano Sur line Buenos Aires 29 sep-17 Treasury Tracks Tracks renewal Fournier section Santa Fe 23 sep-17 Treasury Tracks Integral adequacy Mar del Plata section Buenos Aires 18 sep-17 Treasury Electrification Change leads 815 Etapa II Buenos Aires 13 sep-17 Treasury Signal and telecom Tracks renewal Maldona - J. L Suárez Buenos Aires 2 sep-17 Treasury Tracks Tracks renewal Rufino - Bouchardo Many 33 oct-17 Treasury Tracks Tracks renewaltapia - Los Mogotes branch C Belgrano Cargas line Tucumán 5 oct-17 Treasury Tracks Tracks expansion station Lavallol - Belgrano Cargas line Buenos Aires 1 oct-17 CMEC Tracks Tracks renewal Tapiales - González Catán - Belgrano Sur line Buenos Aires 15 nov-17 Treasury Electrification Substitution swichtes 20 kv for 9 subestations Buenos Aires 7 dic-17 Treasury Civil Works Improvements in service station : Concordia, Timbues, San Cristobal, Monte Caseros, Guemes, Paso de los Libres, Garupá y Zarate Many 7 ene-18 Treasury Tracks Tracks renewal Bouchardo - Huinca Renanco Córdoba 30 feb-18 Treasury TOTAL USD 891 M

57 PORTS 6 future tender: USD 109 M + USD 2,000 M Contact: Manuela López Menéndez manlop@transporte.gob.ar Description Province Budget (Million USD) Tender Source of funding Concession Buenos Aires port Buenos Aires City 2,000 TBC PPP Structure adaptation and access to the port Entre Rios 1 jun-17 Treasury Structure adaptation and access to the Quequen port Buenos Aires 30 jul-17 Treasury Construction of breakswaters to the Mar del Plata port Buenos Aires 13 ago-17 Treasury Construction of spring to the Bahía Blanca port Buenos Aires 15 ago-17 Treasury Adequacy spirng to La Plata port Buenos Aires 50 dic-17 Treasury TOTAL USD 109 M + USD 2,000 M

58 AIRPORTS 62 future tenders 2017: 750 M USD Contact: Patricio Di Stéfano (Presidente, ORSNA) pdistefano@orsna.gob.ar Airports Description Province Budget (Million USD) Tender Source of funding Catamarca Approximation light system (SALS) Catamarca 0,6 May-17 Direct Investments / trust Comodoro Rivadavia Renovation on runway and platform Chubut 9,3 May-17 Direct Investments / trust Ezeiza Electric repowering Buenos Aires 1,3 May-17 Direct Investments / trust Ezeiza Resurfacing runway Buenos Aires 9,4 May-17 Direct Investments / trust Aeroparque New post PAMPA - CHARLIE Buenos Aires 1,2 May-17 Direct Investments / trust Aeroparque Energy and beacon system Buenos Aires 1,6 May-17 Direct Investments / trust Aeroparque EDIFICIO VI - Upper floor renovation Buenos Aires 0,6 May-17 Direct Investments / trust Ezeiza New camara parking system Buenos Aires 0,4 May-17 Direct Investments / trust Aeroparque EDIFICIO VII Y VIII - New passenger terminal (lower levels) - Equipment Buenos Aires 9,3 May-17 Direct Investments / trust Aeroparque New commercial platform (North) Buenos Aires 12,5 May-17 Direct Investments / trust Bariloche Health Area - National arrivals hall Río Negro 0,3 May-17 Direct Investments / trust Ezeiza Replacing the BRITE system with AGLAS Buenos Aires 1 May-17 Direct Investments / trust Río Grande Renovations on runway Tierra del Fuego 3,7 May-17 Direct Investments / trust Catamarca New passenger terminal Catamarca 12,5 Jun-17 Direct Investments / trust Comodoro Rivadavia New beacon system (include UPS) Chubut 3,1 Jun-17 Direct Investments / trust Córdoba Expansion of existing parking Córdoba 1,5 Jun-17 Direct Investments / trust

59 Airports Description Province AIRPORTS 62 future tenders 2017: 750 M USD Contact: Patricio Di Stéfano (Presidente, ORSNA) pdistefano@orsna.gob.ar Felisa Blaquier (Comunicaciones, ORSNA) fblaquier@orsna.gob.ar Budget (Million USD) Tender Source of funding Esquel Passennger terminal remodelations Chubut 7,5 Jun-17 Direct Investments / trust Ezeiza Beacon provition for taxiway Buenos Aires 1,8 Jun-17 Direct Investments / trust Ezeiza Updating beacon system on movement area Buenos Aires 9,3 Jun-17 Direct Investments / trust Ezeiza New medium voltage camara CHIVATOS Buenos Aires 0,09 Jun-17 Direct Investments / trust Formosa New beacon system CAT I - high intensity - turning basin, corrective work and demarcation Formosa 3,1 Jun-17 Direct Investments / trust Iguazú Resurfacing runway Misiones 9,3 Jun-17 Direct Investments / trust Jujuy Parking Jujuy 3,1 Jun-17 Direct Investments / trust Jujuy Expansion of commercial platform Jujuy 2,8 Jun-17 Direct Investments / trust San Fernando tubing of rainwater Buenos Aires 0,02 Jun-17 Direct Investments / trust San Fernando New control tower Buenos Aires 2,5 Jun-17 Direct Investments / trust San Juan Renovations on runway and beacon system San Juan 7,5 Jun-17 Direct Investments / trust San Rafael Approximation light system (SALS) Mendoza 0,06 Jun-17 Direct Investments / trust Tucumán New terminal - TWR -Parking - Accesses Tucumán 45 Jun-17 Direct Investments / trust Tucumán Expansion of commercial platform Tucumán 5 Jun-17 Direct Investments / trust Tucumán ALS system (900 MTS) Tucumán 1,2 Jun-17 Direct Investments / trust Ezeiza New hall B - EDIFICIO - Buenos Aires 156 Jul-17 Direct Investments / trust

60 AIRPORTS 62 future tenders 2017: 750 M USD Contact: Patricio Di Stéfano (Presidente, ORSNA) pdistefano@orsna.gob.ar Felisa Blaquier (Comunicaciones, ORSNA) fblaquier@orsna.gob.ar Airports Description Province Budget (Million USD) Tender Source of funding Ezeiza New parking and outdoor spaces Buenos Aires 25 Jul-17 Direct Investments / trust Ezeiza Renovation and lighting platform post Zulu (EX CAB. 05) Buenos Aires 3,1 Jul-17 Direct Investments / trust Ezeiza Readjustment of lighting platform FBO Y Chivatos Buenos Aires 0,07 Jul-17 Direct Investments / trust Jujuy New passenger terminal Jujuy 28,1 Jul-17 Direct Investments / trust Río Grande New atmospheric discharges installation Tierra del Fuego 0,02 Jul-17 Direct Investments / trust San Juan Expansion of commercial platform San Juan 5 Jul-17 Direct Investments / trust Comodoro Rivadavia New passenger terminal - equipment Chubut 4,6 Ago-17 Direct Investments / trust Córdoba Airport entrance station Córdoba 2,5 Ago-17 Direct Investments / trust Ezeiza Renovation in pre-shipment area - Terminal A - Stage 2 Buenos Aires 5 Ago-17 Direct Investments / trust Ezeiza New passenger terminal - Ex estuche - Buenos Aires 187,5 Ago-17 Direct Investments / trust Ezeiza Parking post signs in platform Buenos Aires 0,03 Ago-17 Direct Investments / trust Formosa New passenger terminal Formosa 12,5 Ago-17 Direct Investments / trust Jujuy New control tower Jujuy 3,1 Ago-17 Direct Investments / trust La Rioja New passenger terminal La Rioja 9,3 Ago-17 Direct Investments / trust

61 AIRPORTS 62 future tenders 2017: 750 M USD Contact: Patricio Di Stéfano (Presidente, ORSNA) pdistefano@orsna.gob.ar Felisa Blaquier (Comunicaciones, ORSNA) fblaquier@orsna.gob.ar Airports Description Province Budget (Million USD) Tender Source of funding La Rioja New beacon system category I- high intensity La Rioja 2,8 Ago-17 Direct Investments / trust Malargüe Main renovation on terminal Mendoza 1,8 Ago-17 Direct Investments / trust Malargüe Fissures repairing on runway and taxiway Mendoza 1,1 Ago-17 Direct Investments / trust Mendoza New water supply - southern area Mendoza 65,5 Ago-17 Direct Investments / trust San Juan New passenger terminal San Juan 23,7 Ago-17 Direct Investments / trust San Juan New parking San Juan 3,1 Ago-17 Direct Investments / trust Ezeiza Renovation on arrivals area - Terminal A Buenos Aires 9,3 Sept-17 Direct Investments / trust Ezeiza Renovation on runway Buenos Aires 12,5 Sept-17 Direct Investments / trust Ezeiza New hall B - baggage system Buenos Aires 8,3 Sept-17 Direct Investments / trust Ezeiza Taxiway to header 35 Buenos Aires 21,8 Sept-17 Direct Investments / trust Posadas Renovation on passenger terminal + telescoping walkway provision Misiones 12,5 Sept-17 Direct Investments / trust Santa Rosa Frame, perimeter wall and perimeter fence La Pampa 0,02 Sept-17 Direct Investments / trust Ezeiza Resurfacing taxiway alfa, center line complete Buenos Aires 2,1 Oct-17 Direct Investments / trust Río Grande Approximation light system (SALS) Tierra del Fuego 1,3 Oct-17 Direct Investments / trust Ezeiza Leading electrical substation (P49) / medium voltage feeders Buenos Aires 2 Nov-17 Direct Investments / trust Iguazú Parking Misiones 3,1 Nov-17 Direct Investments / trust TOTAL USD 750 M

62 URBAN MOBILITY 12 future tenders : 5,798 M USD Contact: Manuela López Menéndez (Secretaria de trabajos de transporte público) manlop@transporte.gob.ar Category Description Province Budget (Million USD) Tender Source of funding Electrification Electrification San Martín line Metropolitan Area of Buenos Aires 520 jun-17 Treasury Signal and telecom Signallling Roca line Metropolitan Area of Buenos Aires 170 jun-17 BID Tracks Track renewal Roca line Metropolitan Area of Buenos Aires 50 may-17 BID Signal and telecom Adequacy comunication Roca line Metropolitan Area of Buenos Aires 200 jul-17 BID RER Construction Constitución station Metropolitan Area of Buenos Aires 283 may-17 Treasury RER Construction Obelisco station Metropolitan Area of Buenos Aires 877 jun-17 Treasury Additional works Adequacy work of Roca line Metropolitan Area of Buenos Aires 25 ago-17 Treasury RER Interchanges Metropolitan Area of Buenos Aires Treasury RER Construcción Correo Central Station Metropolitan Area of Buenos Aires Treasury RER Connection Sarmiento line Metropolitan Area of Buenos Aires Treasury RER Overpass San Martín line Metropolitan Area of Buenos Aires Treasury RER Electrification Belgrano Sur line, Belgrano Norte line and Mitre line TOTAL Metropolitan Area of Buenos Aires 1, Treasury USD 5,798 M

63

08-15 FDI/GDP (%, average) Foreign Direct Investment (Avg. USD BB/Year) Average 4.5% % 5.0% 6.0x 3.9% 3.4% 2.

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