China Drives Deeper Into Argentina's Railway System
Argentina's government has signed a $1 billion deal with a Chinese state-owned rail-builder to upgrade a major cargo railway line running across the country that could help to lower the cost of shipping raw materials and grains, including soybeans, its main cash crop.
The agreement with China Railway Construction Corp. Ltd. will involve renovation and repair to the 1,020- kilometer (634 miles) San Martin railroad, which links the port city of Rosario in the east and Mendoza province in the west, Argentina’s state-owned media Telam reported on Thursday.
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