Argentina nabs credit for railway project

Argentina nabs credit for railway project

International Financial Institutions World Bank Loans Argentina Railroads Project & Infrastructure Finance

Argentina has taken out a $75 million loan from the French development agency AFD to modernize the Belgrano Sur commuter railway in the wake of restructuring its $1.97 billion in debt with the Paris Club of creditor nations, Economy Minister Sergio Massa said. "Reaching the agreement with the Paris Club opened the doors to pending operations," he said in a message on Twitter. The funds will go toward a project to electrify and make other improvements to the train line, which is used by some 65,0

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