Narrative
Full Description
Project narrative
On July 24, 2010, the president of China Railway International signed an agreement with the government of Argentina to provide $1.5 billion USD in loans to build the Buenos Aires-Córdoba Metro project. The 15-year loan includes a five-year grace period over 15 years.The interest rate was expected to be "low," around 4 percent to 5 percent.The project contains 4 subway lines of total 18.57 km, with 30 stations. The passenger flow will reach 200 thousand people per day and 70 million per year. The total investment is $1.8 billion USD. China provides 85% of the total investment, and the Argentina government take the rest 15%。The construction is supposed to be started in the first half of 2011, and completed in 3 to 5 years. The project was redesigned again in 2012.The redesigned project proposes a three line metro network consisting of 32.9 kilometers (20.4 mi) of route and 26 stations to be built by China Railway International and financed by a $1.8 billion USD loan from China. This project was cancelled in 2017.