Argentina and China inks $2.1 billion Belgrano Cargas loan

Finance and Related Services

At the time of the state visit of Chinese president Mr.Xi Jinping to Buenos Aires on July 18, China and Argentina inked a $US 2.1bn loan agreement, which will be utilised to finance the revival of the metre-guage Belgrano Cargas network.

The contract award agreement was signed at a ceremony in the town of Maciel in Santa Fe province by Mr. Wang Hong, vice-president of China Machinery and Equipment Corporation (CMEC) and Mr. Alejandro Ramos, Argentina’s transport secretary tender, and is part of a broader $US 7.5bn trade agreement between the two nations.Read complete story at http://www.tendersontime.com/blog-detail/argentina-and-china-inks-21-billion-belgrano-cargas-loan-184.php