Russian Railways Interested In Restoring, Building Argentine Railroads - Ambassador

Russian Railways company is interested in the project on rebuilding and construction of a railroad in Argentina, discussions have been held with state and private actors, Russian Ambassador to Argentina Dmitry Feoktistov told Sputnik.

BUENOS AIRES (UrduPoint News / Sputnik - 04th December, 2018) Russian Railways company is interested in the project on rebuilding and construction of a railroad in Argentina, discussions have been held with state and private actors, Russian Ambassador to Argentina Dmitry Feoktistov told Sputnik.

"There is a search for options to restore and build a railroad of about 700 kilometers [about 435 miles] ... Russian Railways is showing interest, there was a delegation here, the potential participation was discussed with state and private Argentine partners.

There is no bidding yet, but the numbers alone show the scale of projects that we could implement here," the ambassador said.

According to Feoktistov, the railroad in question would be needed to use Vaca Muerta oil and gas deposits: 500 kilometers would need to be rebuilt and 200 more repaired to link the deposits to Bahia Blanca port.

The ambassador added that the contract on this project could be worth $700-800 million.