Overview

• A consortium led by Bunge, Cargill, ACA, AGD and Louis Dreyfus has formally submitted a joint proposal to operate the Belgrano Cargas’ northern branch and may be joined by COFCO.
• The same group advanced a US$22 million prepayment to CMEC for 180 new grain wagons, half of which have already arrived in Argentina.
• Mining majors such as Rio Tinto, BHP-Lundin’s Vicuña and McEwen’s Los Azules have held detailed talks with Trenes Argentinos to prepare track concession bids requiring hundreds of millions of dollars in investment.
• Under Resolution 1049/2025, the privatization will divide the state-run network into four separate contracts covering track operation, locomotives, wagons and workshops.
• Officials plan to release final tender documents by the end of 2025 and award concessions in 2026 to attract private capital for upgrades on the roughly 7,600 km network that carries about 25 million tonnes annually.