Although a Chinese company who had been selected to fund the construction of the first high-speed bullet train in Mexico was recently rejected by the Mexican government, Chinese companies are not stopping. Chinese manufacturer, China South Railway, CSR-Sifang will further invest in Argentina to improve the struggling national railway industry and system.
The Chinese company plans to use skilled labor workers from Argentina which will help the country’s labor force. The company will be partnering with and taking over various projects from Argentina’s Trenes Argentinos company.
“We are moving forward in the recovery of trains, which means the modernization of plants and workshops in the country,” the transportation minister, Randazzo said. (Merco Press)
Argentina in the past has purchased around 709 train cars from CSR-Sifang, costing around $150 million.