Increasing Transportation: China aids Argentina

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.

Minister Randazzo (R) with CSR-Sifang representative exchange documents
Minister Randazzo (R) with CSR-Sifang representative exchange documents. Photo: Merco Press
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s