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RIO DE JANEIRO, BRAZIL - Rail companies from China have signed agreements worth US$ 4.7bn with the government of Argentina, aimed at improving the country’s rail system.
Four deals were agreed on Friday, December 11th, to electrify the network, replace diesel locomotives and renew freight railways that connect Argentina’s farmlands in the northwest, west and south of the country with the eastern port region.
The Chinese companies involved included China Railway Construction Corporation (CRCC), China Machinery Engineering Corporation (CMEC), CRRC Corporation Limited and Yutong.
The largest item will be the upgrading of the San Martin line at a . . .
Full article The largest item will be the upgrading of the San Martin line at a cost of US$ 2.6bn, involving work on 1,813km of tracks
Rail companies from China have signed agreements worth US$ 4.7bn with the government of Argentina, aimed at improving the country’s rail system.
Four deals were agreed on Friday to electrify the network, replace diesel locomotives and renew freight railways that connect Argentina’s farmlands in the northwest, west and south of the country with the eastern port region.
The Chinese companies involved included China Railway Construction Corporation (CRCC), China Machinery Engineering Corporation (CMEC), CRRC Corporation Limited and Yutong.
Source:Xinhua 14-12-20 10:03 Updated BJT China and Argentina have reached agreements valued at more than 4 billion U.S. dollars to help the South American country strengthen its rail infrastructure. With the new investments bringing in green solutions and jobs to boost its railway network, Argentina stands to gain from lower logistical costs and increasing competitiveness of its agricultural exports. Argentine scholars hail the new deal as an auspicious start for Argentina s railway development as well as a bet on the future for the country to achieve long-term economic growth.
BUENOS AIRES, Dec. 12 China and Argentina have decided to take a further step in bilateral cooperation after agreeing on new investment in rail infrastructure, which is key to Argentina s goal of achieving long-term economic growth and development.