China provides funding to improve Roca trains

The Ministry of Finance of the Nation and the China Development Bank (CBD) have signed a line of credit of US $ 236 million, intended for the acquisition of rolling stock for the path of Roca iron, as part of the strategy of reorganization, recovery and modernization of the system of Argentine trains.

This operation, which is part of the Greater Buenos Aires Metropolitan Rail Transit Plan, will partially finance the car supply contract for the General Roca line, which will be executed by the country's Ministry of Transport.

The project involves the acquisition of 200 multiple electrical units (EMUs) from CRRC (Qingdao Sifang Co. Ltd.), as well as spare parts, tools, technical service and training required for commissioning. , operation and maintenance of the system. cars

This incorporation will increase the transport capacity by 20% and improve connectivity from the periphery to the city center on the pbadenger service line between Plaza Constitución stations and Alejandro Korn / Chascomús, Cañuelas / Lobos stations. Monte, La Plata and Haedo from the south and southwest of Greater Buenos Aires.

In this way, the new rolling stock will improve the current frequency of service to save travel time and improve the quality of life of 600,000 pbadengers per day.

The exchange of instruments underwritten took place in Beijing with the participation of Under-Secretary for International Financial Relations, Martín Soto, and CBD authorities. Wu Li, director general of the International Business Operations Division in Latin America and Africa (HQ) and Li Hongyin, deputy general manager of the Anhui branch (designated for cooperation with Argentina), have confirmed the bilateral commitment to the development of the priority rail system for our country.

During the meeting, the monitoring of ongoing projects was also carried out and action plans were developed to ensure the greatest efficiency in their development. Finally, the various investment opportunities were badyzed and the dialogue on the structuring of credit lines proposed by the CBD for the development of projects in the sector of infrastructure and transport was deepened.

In addition, it has been agreed to create and utilize a working capital of approximately US $ 1 billion to promote priority projects for the socio-economic development of Argentina.

Thus, it clarifies the commitments made between the two countries during the last state visit of the president of China, Xi Jinping, in December 2018.