Argentina has Secured $326m Loan

Argentina has Secured $326m Loan
September 8, 2010 4:45 pm

Argentina has secured a $326m loan from Corporación Andina de Fomento (CAF) to revamp its rail freight network.

The loan will be used for the Belgrano Cargas freight rail network and will finance repairs to rail lines in the provinces of Chaco and Santiago del Estero, as well as for the purchase of signalling equipment, rail cars and locomotives.

The country is also planning to restore the ageing Belgrano Cargas railway that operates on 10,000km of track in 13 provinces.

The network passes through Argentina’s key farm and mining regions and could also be used to ship freight to and from Chile and Bolivia.

Freight presently shipped on the rail line includes copper, corn, minerals, petroleum products, rice, soya beans and vegetable oil. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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