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| Funder | China Railway International Group Co., Ltd. (CRIG)|China Railway Prefabricated Construction (CRPC) |
|---|---|
| Recipient Organization | Argentina Ministry of Territorial Development and Habitat |
| Country | Argentina |
| Start Date | Mar 09, 2021 |
| End Date | Feb 18, 2030 |
| Duration | 3,268 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 97554 |
On March 9, 2021, the online ceremony for the signing of the housing construction project took place at the Argentine Embassy in the People's Republic of China, between the Ministry of Territorial Development and Habitat of the Nation and the Chinese business group CRIG-CRPC.
CRIG-CRPC is made up of the China Railway International Group (CRIG) and China Railway Prefabricated Construction (CRPC); both are subsidiaries of China Railway Group limited. The Minister of that Portfolio, Eng. Jorge Ignacio Ferraresi, the Ambassador to China, Sabino Vaca Narvaja, and the presidents of CRIG and CRPC, Mr.
Bi Yanchun and Mr. Sun Baoliang, respectively, participated in the ceremony. The purpose of the agreement is to increase access to housing and improve Argentina's general housing conditions.
Minister Ferraresi highlighted the importance of providing homes to Argentina’s population and the company's intention to establish a factory to produce construction materials in Argentina. Any monetary value behind this agreement is unknown.
FIRMA DE PROYECTO DE CONSTRUCCIÓN DE VIVIENDAS EN ARGENTINA 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.
Argentina Ministry of Territorial Development and Habitat
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