CDB pledges financing to amendment of Belgrano Cargas railway line rehabilitation project (Linked to project #36517)
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Argentina
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On December 13, 2016, CMEC and Argentina's Ministry of Transportation signed an amendment contract to the first phase of the Belgrano Rail rehabilitation project for a total of 1.6 billion USD. The additional loan would be used to renew 92 railway bridges and the rail ring of Santa Fe city and construct access to Rosario ports and the Rosafe port complex. China Development Bank signed a MOU with Argentina's Ministry of Finance to finance the amended contract. It is unclear whether the full 1.6 billion funding is coming from CDB.
Number of official sources
17
Number of total sources
35
Details
Cofinanced
No
Direct receiving agencies [Type]
Argentina Ministry of Finance [Government Agency]
Implementing agencies [Type]
China Machinery Engineering Corporation (CMEC) [State-owned Company]