Argentina's Railway Privatization Boosts Exports

Argentina plans to boost its economy by modernizing its railway network, aiming to cut freight costs in half and increase global exports of grains and minerals. The government will privatize the Belgrano Cargas network, tendering it early next year, and plans to add eleven thousand kilometers of out-of-service lines. This initiative is part of President Javier Mileis strategy to transfer state-owned companies to private ownership and attract investment to replenish financial reserves. The goal is to increase total annual exports by one hundred billion dollars in seven years.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.