ALL to sell Argentine concessions

摘要

Latin American Logistics (ALL) has announced plans to sell its two freight concessions in Argentina to the Italian-Argentine Techint group. Subject to government approval, the transaction will cover the 1676mm-gauge 5690km Central network connecting Buenos Aires with Mendoza and San Juan provinces and the 2704km Mesopotamico standard-gauge network which links the capital with the north eastern provinces of Entre Rios, Corrientes and Misiones, with connections to Paraguay and Uruguay. ALL has operated both networks since 1999 under a 25-year concession.