Overview
- GMXT executives visited Buenos Aires this week to advance their push for the Belgrano, San Martín and Urquiza concessions as the government prepares tender documents that have yet to be published.
- Company leaders say participation depends on allowing privatizations into the RIGI regime, which offers tax and foreign‑exchange benefits plus access to international arbitration.
- The proposal envisions investing at least US$3 billion in early years, delivering measurable efficiency gains within 15–20 months by accelerating track works and importing U.S. locomotives.
- Argentina plans to keep land and rails state‑owned while tendering tracks, rolling stock and workshops separately, with wayleave fees for network access and a target for private management by mid‑2026 once adjudications occur.
- GMXT cites demand from mining and agriculture, notes interest from Rio Tinto and a grain‑trader consortium, is in talks with Chile’s Ferronor for cross‑Andes links, partners with Union Pacific in the U.S., and is exploring trade‑finance lines from U.S. banks.