German Valverde will replace former minister Carlos Villalta, who resigned from the position amidst accusations of domestic violence.
The US$140mn initiative entails the rehabilitation and paving of more than 96km of roads, including access corridors and urban crossings.
Chile, Brazil, and Colombia are planning a number of projects this year for highway construction, improvement, and maintenance.
Following Panama's announcement to recognize the so-called One China policy, Taiwan decided to close down its embassy in the country and suspend all aid and bilateral cooperation programs.
The US$24mn project is expected to generate more commercial exchange between the Buenos Aires and La Pampa provinces.
The investment, an initiative under the so-called Alliance for Prosperity plan, will include public and private funds, as well as US$750mn in financing from the IDB.
Rumors on the transaction, which will lead the company to delist from the Mexican stock exchange, had been circulating for a few months.
The tender entails the construction of a liquid fuels terminal, one of four terminals to be built as part of the port's expansion project.
A tender is expected next month for phase two construction of Salvador's US$250mn bus rapid transit system.