China to invest in Argentina railways

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14 July 2010

China is to invest $10 billion in Argentina’s railways in a major win for Chinese exporters, as part of a spate of agreements signed between the two nations.

China and Argentina have signed a deal in which China will invest $10 billion in Argentina’s railways. The agreement was the most significant announcement to come out of a visit by Argentina’s President Cristina Fernandez to Beijing.

Chinese news agencies report that the railway agreement includes a $2.5 billion project to upgrade the Buenos Aires rail system. Details of the financing agreement are scarce other...

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