China and Argentina agree Belgrano Cargas loan

摘要

A rgentina and China signed a $US 2.1bn loan agreement during the state visit of Chinese president Mr Xi Jinping to Buenos Aires on July 18, which will be used to fund the revival of the metre-gauge Belgrano Cargas network. The agreement was signed at a ceremony in the town of Maciel in Santa Fe province by Argentina s transport secretary Mr Alejandro Ramos and Mr Wang Hong, vice-president of China Machinery and Equipment Corporation (CMEC) and is part of a wider $US 7.5bn trade agreement between the two countries. The Argentine treasury has also agreed to contribute $US 370m towards the rehabilitation of the network, taking the total planned investment to nearly $US 2.5bn.