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Argentina Modernizes its Rail System

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The Argentinean railroad system, after decades of abandonment, is back on course. Argentina purchased 1,200 wagons from China’s CMEC Company, which are destined for “Belgrano Cargas.” The total amount of the investment, financed with a loan, is USD 2,470 million. For its part, the investment in rolling stock is USD 807 million. Together with the acquisition of wagons and locomotives, a rehabilitation plan of 1,600 kilometers of railways has been carried out on the Belgrano line, which runs…
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