Government Modifies RIGI to Include Railway Investments Ahead of Belgrano Cargas Privatization
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The Argentine government has modified the Regime of Incentives for Large Investments (RIGI) to include railway infrastructure projects, paving the way for the privatization of the Belgrano Cargas cargo trains. The change allows investments in new infrastructure, renovation, replacement, transformation, and development of existing infrastructure to be included in the scheme that offers tax benefits and legal stability for 30 years. The tender for the concession of the three cargo lines (Belgrano, San Martín, and Urquiza) is expected to be published soon, with multiple local and international players showing interest. The privatization is seen as a necessary condition by competitors to guarantee long-term investment stability.
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