Despegue Proyectos Proyecto RIGI ESEN
up to date · reviewed Sep 6, 2026
Infrastructure - multipurpose port terminal/Santa Fe
approved

Timbúes Multipurpose Terminal — port infrastructure (Terminal Timbúes SA)

total investment in the act
276,9USD M

New multipurpose port terminal on the Río Coronda in Timbúes (Santa Fe), the heart of the Greater Rosario agro-export complex. Storage and dispatch of fertilizers, iron/steel, grains and fuels. It is Santa Fe's first RIGI: it plugs the regime into the country's densest logistics hub. The CNDC did not object to the adhesion.

operator
Terminal Timbúes S.A.
approving act
Resolución 1842/2025
what it will need
2procurement fronts
Summary
share among the 23 approved RIGI projectstotal USD 35,734 M
Timbúes Multipurpose Terminal0.8%
the other 22USD 35,457 M
what stage it is atunder construction prob Jun 30, 2026

The projectwhat it is, the route, the owners, the works and the contractors

Who owns it

Terminal Timbúes S.A. (VPU, CUIT 30-71891156-3) verif Nov 20, 2025

The works, milestone by milestone

Sep 5, 2026quay milestone

The river block enters its most visible stage: on the North and South viaducts, piling, structures and beams are being built that will connect to the continuous quay of 240 by 27 metres, ready for transfers with barge trains.

Jun 30, 2026construction progress

The physical work fronts under way are the North and South viaducts, the 240-metre multipurpose quay with its main beams, the southern sector's storm drain, the main access ramp and the truck circulation and waiting areas.

Jun 19, 2026equipment buying

The Agencia Nacional de Puertos y Navegación authorises a change to the list of goods the project may import under the franchise of article 190 of Ley 27.742. ⭐ It is the hardest signal that the project is buying: the list changes when the works need something other than what was requested on accession. And it marks the change of supervising body: no longer the Ministerio de Economía, but the ports agency.

Nov 20, 2025rigi approval

Resolución 1842/2025 of the Ministerio de Economía, signed by Caputo, is published in the Boletín Oficial, approving accession: USD 276,900,000 of total investment in eligible assets, three port logistics units and a minimum investment deadline of 1 April 2027. It is the ninth project under the regime and the first in Santa Fe.

Oct 23, 2025rigi accession

The RIGI accession date set by Resolución 1842/2025: it is what starts the regime's clock for this project.

Who already has a contract

Fundación ProYungasArgentina (Tucumán), a non-profit organization dedicated to conservation.
Environmental partner of the project: it runs the conservation program on the site, which sets aside 70 of the 186 hectares as a protected natural area under the «Protected Productive Landscape» scheme. ⛔ It is NOT the construction contractor: it is the only supplier on the project with a public name.

The terminal's own site publishes it as its conservation partner: of the 186 hectares of the site, 70 are set aside as a protected natural area — a historic eucalyptus plantation enriched with native species — under the «Protected Productive Landscape» scheme.

How to supply itwhere to register, what they ask for and what they will buy

How to become a supplier

Who you invoice

Terminal Timbúes S.A. (CUIT 30-71891156-3), registered at Avenida Cacique Mangoré 14264, Comuna de Timbúes. It is a company incorporated as a vehicle with an exclusive purpose for the regime, not a dedicated branch: you invoice it directly.

Who decides the purchase

The owning group is Terminales y Servicios S.A., of the Ondarcuhu family, with Nicolás Bahr as CEO; the group's commercial operation sits in that company, not in the project vehicle. ⛔ WHAT TO KNOW BEFORE TRYING: there is no open procurement portal, no published tender documents and no works contractor with a public name, so you cannot come in through the main contractor's chain as in the other two projects in this batch. The only stated door for a new supplier is the terminal's institutional contact. ⭐ What works in your favour: the project committed to the state that 87% of what it spends on suppliers goes to local suppliers, more than four times the regime's floor.

The registration routes that exist today, with their status. The one that is up and running is not always the official one.

The group's supplier portal (Yavu platform)

up and running today

This is the «Proveedores» link the terminal itself publishes on its site. ⛔ IT IS FOR OPERATING, NOT FOR SIGNING UP: it opens on a username and password screen, with no registration form for a new supplier. ⇒ for anyone not yet a supplier, the real door is the contact published on the same site: contacto@terminaltimbues.com.ar or the phone number +54 9 3476 24-7004.

Go to the single windowabrir

National RIGI supplier accession

up and running today

A free national procedure for suppliers that need to import in order to sell to a project under the regime. It grants exemption from import duties on inputs, parts and capital goods, from the statistical fee and destination-verification fee, and from withholdings on imports. ⭐ It weighs more here than in other projects: the terminal is buying imported heavy equipment under the regime's franchise and has already asked twice to change its list.

Go to the single windowabrir

What they ask you for

Other

Being a local supplier is what this project committed to the state at the highest level in the portfolio: 87% of everything it spends on suppliers, goods and infrastructure works, in construction and in operation. verif Nov 20, 2025 Verbatim from the accession act: «eighty-seven per cent (87%) of the total investment amount earmarked for the payment of suppliers, goods and infrastructure works, during the construction and operation stages, corresponds to local suppliers; a percentage that exceeds the twenty per cent (20%) committed by the applicant and required by the regulations in force». ⭐ What that means for a local SME: the commitment is already signed and it is more than four times the legal floor, so the «there is no local supply» argument is expensive for the company. ⛔ What it does not mean: that there is a roll, a tender document or a quota by category. There is no public compliance dashboard.

Legal

The district's port regime requires «Compre Local» as a preference, not a quota: it gives priority to suppliers based in Timbúes only at equal quality and price. The only percentage in the rule — the 50% — is about STAFF, not purchases. verif Oct 8, 2025 Article 10 of communal Ordenanza 135/2025, verbatim: beneficiaries «shall adopt an active "Buy Local" policy, giving preference — at equal conditions of quality and price — to suppliers of goods and services based in the district of Timbúes». The same article, on employment: «efforts shall be made so that at least fifty per cent (50%) of the operational and permanent staff required are citizens resident in the town of Timbúes, provided they meet the suitability conditions for the role». And if there are not enough trained people, article 11 obliges the beneficiary to run or support training programmes with educational institutions, vocational training centres, unions or employment agencies. ⛔ CAREFUL BEFORE APPLYING THIS ORDINANCE TO THIS PROJECT: article 1 says the regime applies «to all port initiatives submitted after this ordinance comes into force», and the recitals guarantee that «projects already incorporated under Ordenanza 038/2023 fully retain the conditions and benefits granted at the time». The Comuna linked this company to the earlier regime in March 2024, so it most likely falls under 038/2023, whose text is not published.

Legal

To import and sell to the project: a CUIT with tax credentials of level 3 or above, registration in the importer/exporter profile under Resolución General 5472/24, already being a supplier to the project, and identifying the goods to be imported. verif Sep 6, 2026 Requirements taken verbatim from the national supplier accession procedure sheet. The procedure is free and grants exemption from import duties, from the statistical fee and destination-verification fee, and from VAT, additional VAT and income tax withholdings on imports. ⚠️ The order matters and it is counter-intuitive: first you have to be a supplier to the project, and only then do you apply for the franchise. It is not a way in, it is a saving for those already in.

Local roots

The Comuna requires the terminal to hire local labor, train it and sponsor local schools and sports clubs — but it requires this WITHOUT a percentage: these are duties written in words, not in numbers, and that is the difference with the 87% the project did sign with the national government. prob May 1, 2023 The communal government explains on its own site that its Special Port Competitiveness Regime — approved in May 2023 by communal president Antonio Fiorenza — grants «a series of tax benefits on communal taxes and charges» to whoever builds a port in the district, and that in exchange the companies established there «must provide for the hiring of local labor, job training and corporate social responsibility through the sponsorship of existing educational and sports establishments, contributing goods and supplies to improve their services». The same page names the two companies that bought land in the port industrial zone and applied to join: Terminales y Servicios S.A. and Agricultores Federados Argentinos (AFA).

The order you get in by

1

Write to the terminal's institutional contact — contacto@terminaltimbues.com.ar — or call the number published on the site. It is the only stated door: the group's supplier portal asks for a username and password and has no public sign-up.

2

Turn up with your category tied to what the site is buying now: viaducts, piling, quay structures and beams, storm drainage, ramps and truck yards. And to what comes next: concrete cells, vertical steel tanks, conveyor belts and the rail siding.

3

If the company is based in the district of Timbúes, say so in writing: the communal port regime obliges the beneficiary to give preference to suppliers from the district at equal quality and price, and to hire local labour. It is a preference, not a quota, but it is the only thing in writing.

4

If your category requires importing inputs or capital goods, apply afterwards for national RIGI supplier accession: it is free and removes import duties and withholdings. ⚠️ It requires already being a supplier to the project, so it comes after the contract, not before. The procedure is free; the official sheet publishes no processing time.

What it will buy, and when

thesiswhat this project buys, and when the act's deadline pulls the purchase forward

The resolution requires 40% in the first two years and sets a deadline of Apr 1, 2027 to certify the minimum investment: the three port units are bought against that date, which falls well before the terminal is operating at full capacity.

thesiswhat this project buys, and when opening and deregulation

A multipurpose terminal on the Coronda lives off foreign trade: fertilisers, iron and steel, grain and fuels. The more open the exchange, the more volume passes across the dock, and demand for port services follows volume, not construction.

thesiswhat this project buys, and when the asset leaves demand that does not expire

Once construction is finished, what remains is a terminal operating in the heart of Greater Rosario: mooring, stevedoring, dock and conveyor maintenance, quality control and inland logistics, every day and with suppliers from the area.

Each phase buys different things at different times.

happening now1 phase

Construction of the multipurpose terminal (three port units)

under way
from admission (Oct 23, 2025) → Apr 1, 2027, the minimum investment deadline

The approved purpose is «the construction of a multimodal gateway and a strategic connection point on the Vía Navegable Troncal», with three port management units for loading, unloading, storage and dispatch. Investment plan from admission: USD 91,702,446.49 in the first year and USD 74,200,000 in the second. ⚠️ The act does not declare a start-up date.

Looking for work rather than to supply? What this project leaves the people of Santa Fe (in Spanish)

What it will need and has no supplier for yet

tesisOur own reading of the project, not company-reported data.

Port civil works: dredging, quays, loading/unloading systems and storage

high

Building a new multipurpose terminal (2025-2027) demands dredging, marine works, silos and conveyor belts: port infrastructure contractors.

Supplied byconstruction firms / port engineering

Connecting logistics services (rail, trucking, shipping agency) with Greater Rosario

medium

A multipurpose terminal multiplies the flow of approaching trucks/trains and the shipping agency work of the Coronda hub.

Supplied bylogistics operators / transport
Does your company fit into Timbúes Multipurpose Terminal?

We cross what your company does against the projects we track and tell you which ones it fits into, through which door and who it competes against. Two pages, with the evidence behind them.

Analyze my company

What it leaves in Santa Fejobs, works, taxes, promises and the outlook

How many jobs it creates

In construction

employment peaks of up to 300 workers during the works workers at the peak of the works (the report does not say whether these are direct jobs only) prob Nov 5, 2025

In operation

200 direct jobs once the three port units are operating, plus the indirect employment from port activity, which is not quantified permanent direct jobs prob Nov 5, 2025

The works that stay behind

The infrastructure that stays standing once the works end, with its size and its source.

Multipurpose quay on the Coronda river, with its North and South viaducts

Productive
240

by 27 metres of continuous quay, on viaducts of piles, structures and beams

Cargo from the region and from northern Argentina: it is a multipurpose terminal operating for third parties — fertilisers, iron and steel, grain, fuels and minerals — on the stretch of the Paraná through which most of the country's exports leave. What stays is not one owner's plant, it is one more loading point on the waterway.

Verbatim from the progress report: «Work is concentrated on the North and South Viaducts, with piling, structures and beams that will connect to a continuous 240-metre quay», and «The project includes a quay of 240 by 27 metres ready to handle different types of cargo and carry out transfers with barge trains».

The two main berths and their waterfront

Productive
900

metres of available waterfront, for Panamax and Post-Panamax vessels, with a third berth planned and over 5 million tonnes a year

Foreign trade for the country's centre-north and for neighbouring countries: the accession act defines the purpose as «a multimodal gateway and a strategic connection point on the Trunk Waterway».

The terminal «will initially have two berths able to receive Panamax and Post-Panamax vessels», with «900 metres of available waterfront», and once the third is added «a handling capacity of more than five million tonnes a year is projected, split between general cargo, agricultural bulk and liquids».

Fixed storage capacity: solids cells, liquid tanks and agricultural bulk silos

Productive
no figureeight reinforced concrete sub-cells and 480,000 tonnes of storage for general cargo; 100,000 tonnes of agricultural bulk; 22 vertical steel tanks of 2,000, 5,000 and 10,000 cubic metres, 120,000 cubic metres of liquids in total

The producers and exporters that today depend on the existing Greater Rosario terminals: it is new storage capacity on the same river, with segregation by product.

«Eight reinforced concrete storage sub-cells for bulk solids, with the ability to segregate products»; «22 liquid tanks. They will be vertical and made of steel, of 2,000, 5,000 and 10,000 cubic metres»; the general cargo terminal «will be able to handle fertilisers, minerals and industrial products with storage capacity of 480,000 tonnes»; and the agricultural bulk section will be able to «store 100,000 tonnes».

Land access: internal rail siding and truck yard

Connectivity
no figurean internal siding built for narrow gauge with planned extension to broad gauge, and a yard for 500 trucks at once, able to receive up to 1,000 trucks a day

The town of Timbúes and the area's roads before the terminal itself: five hundred trucks parked inside are five hundred not waiting on the public road, and a rail siding connected to the Belgrano Cargas changes how cargo from the north arrives.

«Rail access: internal siding built for narrow gauge, with planned extension to broad gauge»; «truck yard: capacity for 500 units at once»; and the agricultural bulk section «will be able to receive up to 1,000 trucks a day». The district's port regime also requires the beneficiary itself to pay for the road connectivity works, «at its exclusive cost».

Pending · 2 blocks
  • What it already pays in taxes and royalties — We have not broken down this project’s local fiscal contribution: the primary source that sets each item still has to be opened, and an act of the State is not published on press backing.
  • Who promised what — We have not surveyed the public promises about this project. A dated, verifiable commitment with its source closes them.

What could stall itrisks and how to track them

Pending · 2 blocks
  • What could stall it — We have not documented this project’s risks. An identifiable vector with its source closes them.
  • How to tell whether it is advancing — We have not defined this project’s indicators: what observable fact marks its progress still has to be identified.

How we verified thisthe act, the gaps and the sources

The RIGI act, in detail

Administrative file number

EX-2025-377751282- -APN-SCEYN#MEC verif Nov 20, 2025

Accession date

Oct 23, 2025 verif Nov 20, 2025

The act’s articles, in detail

4 facts on the commitment
Local content set by the act

87 % of the amount earmarked for suppliers that goes to LOCAL suppliers verif Nov 20, 2025

What that local content is calculated on

The entire investment amount earmarked for paying suppliers, goods and infrastructure works, during the construction and operation stages verif Nov 20, 2025

Deadline for the commitment

1 April 2027 to complete the minimum investment amount. 40% within the first 2 years. verif Apr 1, 2027

Vehículo de Proyecto Único

Terminal Timbúes S.A., tax ID 30-71891156-3, registered at Avenida Cacique Mangoré 14264, Comuna de Timbúes, Santa Fe. verif Nov 20, 2025

What we could not confirm

There are 5 in this project. Each says why it could not be confirmed and what it would take to close it.

H-01The indirect employment from the port’s operation+

The source quantifies the 300 construction jobs and the 200 direct operating jobs, and about the indirect employment only says that it exists.

What would close itAn economic impact study of the terminal, or the supplier development plan filed with the RIGI.
H-02Who is building the terminal — no construction firm has a public name+

This is the biggest gap in this file and it is not for lack of searching: we looked for it twice, separately, and a third search aimed at the specific work fronts (quay, piling, viaducts, dredging) returned no company name either. The works are entirely private, so there is no public tender to open, and the company puts out progress videos without naming its contractors. ⇒ This is not «I haven't found it yet»: nobody publishes it.

What would close itA statement from Terminales y Servicios naming its contractors, the works file held by the Comuna de Timbúes, or the national port authority's permit for the marine works.
H-03Which of the Comuna's two port regimes applies to this project+

The Comuna linked this company to the Special Port Competitiveness Regime of Ordenanza 038/2023 in March 2024, and Ordenanza 135/2025 — the one that is published and that could be read in full — applies only «to all port initiatives submitted after» it comes into force, and guarantees that projects already in the old regime keep their conditions. The text of 038/2023 is not published, so it is unknown whether it carries equivalent local-employment, local-procurement or road-connectivity obligations. || ADVANCED ON 2026-09-06, without closing: the communal government's own site confirms that the Special Port Competitiveness Regime was approved in May 2023 by communal president Antonio Fiorenza and that Terminales y Servicios S.A. is one of the two companies that applied to join THAT one — meaning the regime governing this project is the 2023 one and not the 2025 one — and it publishes the three obligations it imposes in exchange (local labor, training and sponsorship of schools and clubs), with no percentage at all. What is still missing is the TEXT of the ordinance with its articles, which is not published anywhere.

What would close itThe text of Ordinance 038/2023. It is not on the Comuna's site — which does publish other ordinances as PDFs, such as 083/2023 on the industrial zone — nor did it turn up in the Santa Fe Official Gazette, which does publish communal ordinances from Timbúes. The remaining route is to request it from the Comuna.
H-04The act approving the terminal's environmental impact study+

The project's website states that the study was approved by Santa Fe's Ministerio de Ambiente y Cambio Climático, and neither of the two separate searches we ran found the act's number or date. Without that act you cannot read the obligations the permit places on contractors — which in the wind project of this same batch turned out to be the most concrete barrier to entry. || RE-CHECKED ON 2026-09-06 and still with no number: a third search of our own confirms that the study is approved by the Santa Fe Ministry of Environment and Climate Change — the owner's site and the port press both say so — but no act with a number or a date appears published.

What would close itThe environmental impact statement issued by Santa Fe's Ministerio de Ambiente y Cambio Climático, or the provincial file under Ley 11.717.
H-05Why the investment in the act — USD 276.9 M — is less than half of what the company announces+

Three figures coexist and each measures something different: the accession act approves USD 276,900,000 of total investment in the single project's eligible assets; the owner said in May 2025 «around USD 600 M» in stages, with a first phase of USD 290 M; and the national announcement of March 2024 spoke of USD 550 million. They are not rival versions of the same number, but nobody has published the reconciliation between the act's scope and the full plan's scope.

What would close itThe investment plan submitted to the RIGI, or a breakdown from the company saying what part of the USD 600 M falls outside the approved single project.
How to read the seals →   verif primary source · prob primary source pending · unconf a source said it · estim our own calculation · thesis our reading · the date belongs to the datum, at the precision its source allows
Ignacio Aredez
Ignacio Aredez· Chief analyst
Credentials and track record →
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