Argentina to invest $1.5 bln in airport improvements through 2019
By: Luc Cohen
Argentina will invest 22.2 billion pesos ($1.47 billion) over the next three years to modernize the country's airports to increase passenger capacity and boost air cargo shipments, the country's transportation minister said on Wednesday.
The plan comes as center-right President Mauricio Macri, who took office in December, seeks to improve the country's infrastructure in order to attract foreign investment. The government had previously announced a $7 billion infrastructure plan.
Most of the money will go toward modernization efforts to boost capacity at 19 airports, with the aim of doubling the number of passengers traveling on domestic flights.
Currently, 54,000 people pass through Argentina's airports daily.
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