By Denise Chrispim Marin, Global Finance Magazine; February 1, 2018
Some ambitious plans to renew the Argentinian railway system are bringing back investment in freight and passenger trains. Just two of several programs that should be concluded next decade have already, over the past two years, attracted $45 million from local and foreign private inerests and created at least 8,000 jobs. And more investments are coming down the line: About $200 million has been promised by Russian Transmashholding (TMH), for example, to renovate and upgrade the railway system, including maintenance workshops and locomotive factories.
One plan aims to rebuild 5,000 kilometers (3,100 miles) of freight lines and to extend the tracks in northern Argentina. This is intended to improve logistics throughout the region and should conclude in 2026. The other expands and modernizes the train network in metropolitan Buenos Aires by 2023.
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