In force since Jul 6, 2026
Alto Neuquén road works: USD 250M CAF loan enacted
Leyes provinciales 3568 (roads) and 3567 (energy), passed Jun 25, 2026 + Ley provincial 3439 (2024)
in forcePROVINCIAL
Energy and natural resources
Ley 3568 takes a CAF loan of up to USD 250 M for road connectivity in Alto Neuquén; Ley 3567 adds USD 137.8 M in energy works.
The other rules on this subject43
The State reorders the trunk gas pipelines and forces firm transportation contracts to be redrawnRes. SE 66/2026 (Official Gazette, Mar 13, 2026) + Res. ENARGAS 409/2026in execution
Hydrocarbons: the pre-export local offer fallsSE Res. 166/2026 (Official Gazette, Jul 22, 2026)in force
What changed and who it applies to
What changed
Road-connectivity program for Alto Neuquén financed with a CAF loan of up to USD 250 million (Ley 3568, «Programa de Conectividad para la Integración Regional e Internacional»), to improve and pave corridors toward the Pichachén international pass and provincial routes of Alto Neuquén; it is part of a package with CAF that adds up to USD 137,845,000 for energy works (Ley 3567, «Programa de Equilibrio y Desarrollo Territorial, segunda etapa»: the Alicurá–Villa la Angostura power interconnection and the first stage of the Northern Ring Closure). Terms in the laws: total tenor of up to 15 years; grace period of up to 66 months (roads) and 54 months (energy); interest rate and fees as agreed with CAF under its criteria for sovereign-risk loans (the law sets no number; the 5.40-5.50% per year that circulated is a press estimate). Guarantee: federal tax co-participation (Ley nacional 25.570) verif. According to Vialidad Provincial, the road program covers provincial routes 38, 57 and 6 between Andacollo and the Pichachén pass, and stretches of route 21 between Loncopué, El Huecú and El Cholar prob. The laws name no routes or kilometers: they speak of corridors linked to the Pichachén pass and of strategic provincial routes of Alto Neuquén verif. The length to be paved changes with the source and the date: about 165 km according to Vialidad Provincial in June 2026 verif; 174 km according to the program the provincial government presented on Jun 17, 2026, the figure the press repeated when the laws were passed prob; and 195 km according to CAF's statement of Jul 22, 2026 verif. CAF's board approved the two loans on Jul 22, 2026, for USD 387.8 million in total, to be executed by the UPEFE verif; the loan agreement and the disbursement are still pending. verif Jul 6, 2026 ↗
In force
Passed on 06/25/2026 and promulgated on 07/06/2026 (Decretos 921 and 922 of 2026); they enable the Executive to take the loans with CAF verif. The Loncopué–El Huecú stretch (route 21) had already started according to the governor in May 2026 prob. Ley 3439 (Provincial Road Fund) has been in force since 2024 prob. verif Jul 6, 2026 ↗
Who it applies to
Alto Neuquén towns the corridors run through: Andacollo, Guañacos, Loncopué, El Huecú and El Cholar prob. Road-construction companies, public-works suppliers and regional logistics, for the works to be tendered with the loan of up to USD 250 million plus the provincial contribution (some USD 267 million in total, according to the press) prob; binational-trade and tourism operators via the Pichachén pass; and, indirectly, energy integration with Chile and the outlet corridors toward Chilean and Atlantic ports linked to Vaca Muerta thesis. prob Jul 6, 2026 ↗
The norm
Ley provincial 3568 (CAF loan of up to USD 250 million, road works under the Connectivity Program: Pichachén and the Alto Neuquén routes) and Ley provincial 3567 (CAF loan of up to USD 137,845,000, energy works under the Territorial Balance and Development Program, second stage: Alicurá–Villa la Angostura and the Northern Ring Closure). Both passed on 06/25/2026 and promulgated on 07/06/2026 (Decretos 921 and 922 of 2026). Authorized guarantee (art. 4 of both): federal co-participation (Ley nacional 25.570), with possible counter-guarantees to the national government verif. Prior framework: Ley provincial 3439 (2024), which creates or funds the Provincial Road Fund through tolls and contributions, run by the Dirección Provincial de Vialidad prob. verif Jul 6, 2026 ↗
Our reading
Neuquén secured ~USD 388M in CAF credit (guaranteed with its federal co-participation revenues) to pave Alto Neuquén and reinforce its power grid: USD 250M in road works (Ley 3568) to be tendered is direct satellite opportunity for builders, suppliers and regional logistics, and it opens a binational corridor (Pichachén Pass) that improves the export route to Chilean ports. What underpins CAF's appetite is the creditworthiness that Vaca Muerta's rent gives the province. thesis
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Where it lands, province by province1
Neuquén CAF loan of up to USD 250 million (Ley 3568) to pave Alto Neuquén corridors toward the Pichachén pass, plus up to USD 137.8 million for power works (Ley 3567) verif. The reported length went from about 165 km to 174 km and then to 195 km depending on the source and the date prob. The tenders ahead are direct work for builders, suppliers and regional logistics thesis. favorable prob
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Analysis and curation: Ignacio Aredez
Head of Despegue
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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