Why did Deme Group file a new proposal to dredge the Parana River, and what legal mechanism did it use?

Deme Group filed a new proposal in a 'last-ditch attempt to avoid the loss of a major river dredging contract' after Argentina recommended awarding the 25-year Parana River dredging and operation contract to Jan De Nul and Servimagnus. It used the legal mechanism known as the 'private initiative', where private companies submit proposals to develop public works projects—unlike traditional bids where the government initiates the process.

What key difference does Deme Group’s proposal claim compared to the recommended bid by Jan De Nul and Servimagnus?

According to a letter the Deme Group consortium sent to Argentine business chambers, its new proposal 'proposes significantly lower tariffs' than the recommended bid by Jan De Nul and Servimagnus, which Argentina had selected for the $10 billion Parana River project.

Deme Group Files New Proposal to Dredge Parana River

Jun 12, 2026

Deme Group filed a new proposal to challenge Jan De Nul's recommended award for a $10 billion Parana River dredging contract, vital for Argentina's agricultural exports.

reuters

2026-06-04

Jan de Nul Wins Contract to Dig Argentina’s $10 Billion Waterway

2026-06-12

Deme Group Files New Proposal to Dredge Parana River

Deme Group Files New Proposal to Dredge Parana River

FAQ