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 . . .