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©Reuters. The Chinese CRIG evaluates various projects to invest in Argentina
Buenos Aires, Oct 24 (.).- The China Railway (HK:) International Group (CRIG), whose directors met this Monday with Argentine President Alberto Fernández, is evaluating various projects to invest in the South American country, sources reported. officers.
According to the Argentine Presidency, these are infrastructure, energy and technology projects that CRIG can develop in the framework of Argentina’s adherence to the Chinese international cooperation initiative called the Belt and Road.
One of the projects under analysis and that was discussed at Monday’s meeting between Alberto Fernández and the president of CRIG, Bi Yanchun, is the comprehensive modernization and electrification of the Belgrano Norte freight rail line between Buenos Aires and the town of Rose village.
Also under study are road connection projects between the provinces of Chaco and Corrientes and between Santa Fe and Entre Ríos, and various technological projects.
Last February, Fernández and Chinese President Xi Jinping agreed on Argentina’s adherence to China’s Belt and Road initiative, China’s global infrastructure development program that seeks to boost trade with participating nations.
CRIG is the subsidiary dedicated to the international business of China Railway Group Limited (CREC), one of the largest civil construction companies in the world with strong experience in rail and road infrastructure.
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