Active Mixed AidData Chinese Aid

CDB pledges financing to amendment of Belgrano Cargas railway line rehabilitation project (Linked to Record ID#36517)

Funder	China Development Bank (CDB)
Recipient Organization	Argentina Ministry of Finance
Country	Argentina
Start Date	Jan 01, 2017
End Date	Jan 29, 2028
Duration	4,045 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59690`

Grant Description

CDB pledges financing to amendment of Belgrano Cargas railway line rehabilitation project 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.

📋 Staff Comments

The buyer credit facility agreement can be accessed in its entirety via https://www.dropbox.com/s/qzg7l2gfhv1ul32/%242.09%20billion%20credit%20facility%20in%202014%20from%20CDB%20and%20ICBC%20for%20Belgrano%20Cargas%20railway%20line.pdf?dl=0

📚 Sources & References

2016 Memo From the Argentine Ministry of Finance RE Chinese Loans
AMENDMENT No 3 of the AMENDED ANO RESTATED CONTRACT for Belgrano Cargas Railway Rehabilitation Project
Argentina: Belgrano rail line receives USD 1.6 billion extra-credit
Argentine Railway Project Funded by China Begins Construction
Boletín Oficial de la República de Argentina
Buyer CCredit Agreement. Agreements Approval.
Buyer Credit Facility Agreement
Buyer Credit Facility Agreement Supported by Sinosure
Caputo accompanies Macri to China to promote financing for infrastructure projects
China and Argentina sign deals
China invertirá en redes ferroviarias de Argentina
China lends Argentina $7.5 billion
China starts work on first Latin American railway project
China-Latin America Economic Bulletin 2015 Edition
China-Latin America Finance Database
China-Latin America Finance Database
China’s Advance in Latin America Has more Challenges than Xi’s Visit Suggests
Comienza la renovación de la Línea Mitre
CSR chosen for Belgrano Cargas fleet renewal
December 2018 Revised CDB Agreement re Belgrano
Opportunidades de Inversion
Project for the Rehabilitation of the Belgrano Cargas Railroad. Ratification.
S2922_17PC
String of bilateral deals puts China in strong position to secure footholds in Argentina's key economic sectors
SYNDICATED LOANS & OTHER BANK FINANCINGS
Tercer Diálogo Estratégico China-Argentina para la Cooperación Y Coordinación Económica
TEXTO ORDENADO DEL CONTRATO Y SUS ENMIENDAS para Proyecto de Rehabilitación del Ferrocarril Belgrano Cargas
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