Río Negro, first province to join the RIGI

What changed

Rio Negro adhered to the Large Investment Incentive Regime (Title VII, arts. 164-228 of Ley 27.742) the very day the regime was being regulated at the national level: passed and enacted on 07-12-2024. The text has 2 articles: it is a clean, unconditional adhesion, with no additional provincial exemptions or benefits. The province's rent-capture strategy runs through other channels: conditions (60% local content, 80/20 local hiring) and project-by-project economic agreements (VMOS: USD 1,000 M over 13 years). verif · Jul 12, 2024 ↗

In force

July 26, 2024 (8 days after Official Gazette 6303). verif · Jul 26, 2024 ↗

Who it affects

Large investors (projects > USD 200 M) that base projects in Rio Negro: they access the tax, customs and foreign-exchange benefits of the national RIGI at the provincial level too. Concrete result: 3 of the country's first RIGI projects have their terminal or route in the province (VMOS, Southern LNG, San Matias Pipeline). verif · 2024-2026 ↗

The norm

Ley 5724, enacted and promulgated on Jul 12, 2024 (Decreto 10/2024), BO 6303 of Jul 18, 2024, in force since Jul 26, 2024. verif · Jul 18, 2024 ↗

Our reading

Being the first province to adhere was not a gesture: it was an early bet on capturing Vaca Muerta's way out, and it paid off - the entire export corridor (crude and LNG) chose the Rio Negro coast. The clean adhesion (no conditions in the law itself) sent the predictability signal; the conditions came later through separate laws (5804/5805), once the projects were already anchored. thesis

Where it lands, province by province1

Río Negro It is the lever that turned Rio Negro into a destination province for RIGI: USD 4,125 M in creditable assets based in 2 projects of its own plus the VMOS terminal. The test case that adhering early and clean attracts capital first. favorable thesis

RIGI adhesion: first province, clean and unconditional

What changed and who it applies to

Our reading

Where it lands, province by province1

The other rules on this subject21

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