The norm, in detail
National highways: to the private sector via tolls
Decreto 97/2025
in executionNATIONAL
State, institutions and security
Decreto 97/2025 authorizes privatizing Corredores Viales S.A. through a toll works concession and orders the state firm wound up.
What changed and who it applies to
What changed
The State stops operating the national toll routes: Decreto 97/2025 authorizes the total privatization of Corredores Viales S.A. (a state company) under the modality of a public-works toll concession, and orders its dissolution and subsequent liquidation once the contracts are awarded and perfected (art. 2 subs. c). The company had been declared 'subject to privatization' by the Ley Bases (27.742). The decree notes that 3,402 km of its layout (~45% of the total routes assigned to the company) are not in optimal condition, as grounds for the measure — it is NOT the size of the network to be put under concession. Execution is already advancing in stages: the Federal Concessions Network awarded STAGE II-A by Res. 706/2026 (MECON): 1,871 km of national routes in Buenos Aires and La Pampa, a 20-year toll concession (Ley 17.520) WITHOUT State contribution, with the concessionaires taking over operation on Jul 1, 2026 (South-Atlantic-South Access section: CONCRET NOR/MARCALBA/POSE/COARCO; Pampa section: Construcciones Electromecánicas del Oeste). STAGE II-B, put out to tender by Res. 112/2026 (+2,500 km across 4 sections), was AWARDED by Res. 1149/2026 (MECON, signed Jul 27, 2026, Official Gazette Jul 28): the Mediterráneo and Portuario Sur sections to CREDITECH S.A.-PLANTEL S.A., the Puntano section to BASAA S.A.-CECOSA S.A. and the Portuario Norte section to CPC S.A., also as 20-year toll concessions. STAGE III opened its financial bids on Jul 22, 2026 (+3,900 km) and remains unawarded. verif Jul 27, 2026 ↗
In force
Decree signed on Feb 14, 2025 and published in the Official Gazette on Feb 17, 2025. In force since its publication; it authorizes the privatization procedure, whose execution advances in stages via later resolutions (not verified). verif Feb 17, 2025 ↗
Are you in or out?
Corredores Viales S.A. (a state company to be dissolved and liquidated), the National Highway Directorate, the Ministry of Economy as enforcement authority, the future private concessionaires that take the sections by toll and the users of the national routes under the company's administration. [The concrete names of the awarded concessionaires come from secondary sources: we do not list them as data until we see them in the primary source.] verif Feb 14, 2025 ↗
The norm
Decreto 97/2025 (DECTO-2025-97-APN-PTE), signed on Feb 14, 2025 by MILEI and Luis Andrés Caputo, published in the Boletín Oficial on Feb 17, 2025. Art. 1, verbatim: 'Autorízase el procedimiento para la privatización total de CORREDORES VIALES S.A. bajo la modalidad de concesión de obra pública por peaje' ('The procedure for the full privatization of CORREDORES VIALES S.A. under the toll-financed public works concession model is hereby authorized'). It invokes Leyes 17.520 (toll road concessions), 23.696 (privatizations), 27.742 (Ley Bases) and the Ley General de Sociedades 19.550. The ETAPA II-A award was implemented through Res. 706/2026 of the MECON (Ministry of Economy): 1,871 km between Buenos Aires and La Pampa, 20 years, with no state funding. The scope of Decreto 464/2025, which would extend the intervention without awarding, remains to be confirmed in the primary source. verif Feb 14, 2025 ↗
Our reading
The State exits operating the routes and opens the toll concession to the private sector (R4: less State-as-entrepreneur, more market; R1: it stops carrying the deficit of a road state company). For the satellite ecosystem it is a real pipeline of contracts: the concessions drive road works, maintenance, tolling and user services. What is worth watching is the clean execution of the tenders and the tariff schedules, not the direction. thesis
Where it lands, province by province1
Neuquén The national program writes the template: a 20-year toll concession with no state contribution. Neuquén is the province that already has delegated authority to concession national roads with tolls, plus a road trust funded by the operators for the Añelo bypass. The national template sets a reference price and term for those tenders. ⚠️ No awarded stage of the federal network includes Neuquén roads: the effect is by template, not by contract. favorable opening and deregulation thesis
The other rules on this subject24
Royalties are shared by population, not by where the field isLey provincial 2148 (enacted on 15-Nov-1995)in force
Property shield: expropriating costs more, evicting is fasterBill PE-13/2026 (Message 22/26) — majority committee report in the Senatepending
AySA up for bid: the State sells 90% to a private operatorRes. 704/2026 MECON (Official Gazette, May 15, 2026)in execution
Ignacio Aredez· Chief analyst
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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
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