The City of Buenos Aires is moving forward with a public tender for the design, construction, and operation of underground parking facilities in several locations throughout the Capital Federal, under a 20-year public works concession.
Expanding Underground Infrastructure
The measure was formalized through Resolution No. 9/MJGGC/26, signed on April 6, 2026. The project aims to expand the city’s underground infrastructure to regulate the entry of private vehicles into the central area and improve urban traffic flow.
The project contemplates entirely private investment and will not require resources from the city budget. According to official sources, the scheme seeks to expand parking availability in a regulated manner, with state control and for a limited period, ruling out privatization of the spaces involved. The 20-year concession was defined as the period necessary to amortize large-scale works without compromising public funds.
Project Locations and Details
The tender includes intervention in four spaces within the city: the Lavardén and Los Patos area in Parque Patricios; the Parque de Innovación in Núñez; the Plaza Inmigrantes de Armenia in Palermo; and the Plaza Noruega in Belgrano.
The scheme envisions that the winning companies will be responsible not only for construction but also for the maintenance, use, and commercial exploitation of the spaces during the 20-year concession period. According to an assessment by Banco Ciudad, the base monthly fee has been set at $95,596,312.
Initial estimates suggest that the entire set of underground parking facilities will have the capacity to accommodate around 1500 vehicles, a figure that could vary once final projects are submitted. The central objective is to discourage the indiscriminate entry of cars into the most congested areas and organize urban traffic through planned parking nodes.
The city aims to improve urban infrastructure and advance a mobility model that discourages car use in central areas. Most of the planned spaces will incorporate additional services such as food options, entertainment areas, and revitalized green spaces. The city government indicated that these developments aim to improve the quality of public space, increase security, and enhance the urban environment once the works are completed.
Next Steps and Environmental Review
The process will be developed in stages and managed by the General Directorate of Concessions and Permits, which will have the authority to administer the contract, issue circulars, apply penalties, and potentially terminate the concession in case of non-compliance. The initiative is framed within laws 469, and 3.058, and will be implemented under the concession regime provided for in Law 6.246.
Each initiative must undergo the Environmental Impact Assessment procedure established by City Law 123. projects will be analyzed according to their potential impact and must obtain the Environmental Suitability Certificate (CAA) before the start of works or activities.
The tender documents are available free of charge on the official city government website, and offers can be submitted until May 6 at 12:00. The opening of the first envelope is scheduled for the same day at 12:30 at the headquarters of the General Directorate of Concessions and Permits, located at Martín García 346, second floor. Visits to the spaces can be coordinated by email up to five days before the opening.
Frequently Asked Questions
What is the duration of the concession?
The concession period is set for 20 years.
Where are the proposed parking facilities located?
The proposed locations are in Parque Patricios, Núñez, Palermo, and Belgrano.
What is the estimated capacity of the parking facilities?
The estimated capacity is around 1500 vehicles, though this number may change.
Will this project impact traffic congestion in central Buenos Aires?
