World Bank finances railway project in Argentina

World Bank finances railway project in Argentina

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

The World Bank said it approved a $600 million loan to Argentina to finance an upgrade of the Belgrano Sur commuter rail service in the Buenos Aires metropolitan area. The Argentine government obtained a 32-year, floating-rate loan with a grace period of seven years, the Washington DC-based multilateral lender said in a press release on Wednesday. The Belgrano Sur link serves 2 million people in heavily populated areas in the south and southwest of the Buenos Aires metropolitan area, according t

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