Argentine consortium FCUP, which largely favours a bioceanic railway network, appointed a new board of directors. Sustainable train service is also required is Vaca Muerta is to become profitable. The state-of-the-art trains will operate on the Biotren, Corto Laja and Victoria-Temuco lines in southern Chile’s Biobio and La Araucania regions, doubling the current speed of train travel. continue to advance with the agreement with the UTE China Argentina. It is hard work that takes about two years. What is new for this type of business is that UTE (which is made up of the Chinese companies China Railway 17 TH Bureau Group Co. Ltd, China Energy Power Design Institute Co. Ltd and the Argentine company Energía Patagónica S.A.) provides the consortium and the development of our country with the possibility of executing the work and obtaining the necessary financing for it.
Main goal is to promote the railway corridor through a bimodal system (truck + train) that crosses the 33rd parallel and links the Atlantic coast of Argentina with the Pacific Ocean ports of Chile, where Chinese endorsement of this kind of endeavors also runs high. “Chile on track,” program, a plan to invest more than 5 billion dollars to modernize the country’s rail network. The consortium comprising Chinese company CRRC Sifang and Chilean firm Temoinsa won the tenders to build new trains for Biobio and La Araucania in 2018 and 2019. The FCUP project also foresees collateral developments of each regional economy, since the agreement with UTE allows for possible additional Chinese investments in this regard. Piñera and Argentine President Alberto Fernández have reportedly signed earlier this year an agreement to promote the Southern Trans-Andean Railway network.