China signs railway investment agreement worth US$10 billion with Argentina

China signs railway investment agreement worth US$10 billion with Argentina During Argentine president Cristina Fernández de Kirchner's visit to China in July 2010, the two countries signed a railway investment agreement that has an aggregate amount of US$10 billion.

According to the agreement, China will invest in 10 railway projects in Argentina in the next few years to participate in the construction of the project and provide equipment, including the estimated $2.5 billion railway system renovation project in Buenos Aires, Argentina (see Record ID#36979 for details).

Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.