Of the US $16.3 billion plan, US $5.5 billion is destined to the railways, resulting in 3,800 km of renewed rails and 800 km of refurbished rails, La Nacion reports. So what does Macri’s track record as Buenos Aires mayor, along with the actions taken thus far, indicate about the future of the railways? It does appear as if neither side of the polarized political spectrum is correct in their assessment of the situation. Argentina has made an extraordinary amount of ideological u-turns throughout its history, and this has shown perhaps most of all in the country’s railways. The first of three stages is due to commence construction before the end of 2016 and, when completed, it would double the number of daily passengers on the 815 km commuter rail network to 3 million.

Source: The Bubble August 09, 2016 20:15 UTC