Franco Macri's relationship with the national government is much more familiar than he has with his own son, the head of government today accused Mauricio Macri. However, the link between senior Macri and Kirchner bypasses the blood or affection, but for the excellent business that the entrepreneur carries out through its role as facilitator of trade with China. Franco Macri is worth remembering that was one of the first entrepreneurs who warned of the enormous potential of China in the late 70's, when after the death of Mao Tse-Tung on China began an era of rapid economic growth and integration into the world capitalist the hand of Deng Xiaoping. More than three decades of doing business with the Chinese father Macri placed in a privileged position when facing the business relationship with one of theleading emerging powers. Franco Macri lives six months a year in China, specifically on land belonging President Hu Jintao, is senior counsel for Chinese investments in Latin America, appointed by the Association for the Advancement of the Republic of China in the World (CAPID) and even holds the title of Illustrious Citizen of Xianxian.
Agreements with China
The last presidential visit left a trail of agreements signed between Argentina and China, valued by officials in nearly 10,000 million dollars. According to these same sources, two of them would already be running: the provision of 279 car for lines A, C, D and E of the Buenos Aires subway, worth $ 650 million funded by 85% by the corporation CITIC Macri whose father is representative. The second agreement involves the provision of 24 locomotives and 160 cars towed for local service San Martín Railway manufactured by the China South Locomotive and Rolling Stock Industry, valued at $ 133,915,993 and 85% financed by the Eximbank.
with CITIC, the President signed two additional agreement although there is no official estimate on the amount. The first involves the rehabilitation of the Railroad Retirement and San Martín between Mendoza and partial electrification of the local section of railway between Berazategui Roca and La Plata. The second agreement is on the provision of 500,000 tons of rails for UIC54 the renewal of tracks in several branches yet to be confirmed.
Another agreement is for the electrification and modernization of railways Belgrano North and South, by Shaanxi Coal Group and China Railway Investment First Surve and Design Institute Group, an investment amounting to U.S. $ 1850 million. It was also agreed the purchase of rolling stock for intercity services with China Northern Locomotive & Rolling Stock Industry by $ 330 million, which comprises 20 locomotives, 60 cars of first class, second class 80 cars, 20 cars of restaurant, 20 second class wagon, with dormitories and another 20 about 20 recent automovileros. The provision will walk to 20 other formations to integrate long-distance passengers.
early stage agreements
Another batch of agreements are still are still in their early stages. These include the rehabilitation of the Belgrano Cargas Railroad, which has a meter gauge network covering 14 provinces and joins the main soybean production to ports for export. The Belgrano Cargas is operated since 2004 by a team formed by Franco Macri, Roggio, Sanhe Hopefull Grain & Oil (Chinese origin), guilds Fraternity, Union Railway and the Teamsters union. The first stage of rehabilitation of the Belgrano Cargas would develop between Timbúes (Santa Fe) and Avia Terai (Chaco), what matters the renewal of 1500 kilometers of infrastructure divided into two branches, along with provision of rolling stock. This work constitutes the first stage of the recovery of Belgrano Cargas, is valued at 2500 million dollars and will be funded 85% by the National Development Bank of China.
With China Railway International, President Cristina Fernandez de Kirchner signed two initial agreements of cooperation. The first relates to the construction of subway in the city of Córdoba (1560 million dollars, on which the mayor Daniel Giacomino signed an agreement with the nation to carry forward the talks), a network of four lines, 29 stations and 18 kilometers long, which price is incredibly cheap when compared with the 650 milion dollars for the cars would cost Buenos Aires subway. The second agreement, for 1500 million, is for the E line extension from its current terminus at Plaza of the Viceroys to Ezeiza airport. Will be funded 85% by the National Development Bank of China and shall include the design, construction, supply, erection, commissioning of the agreed extension, civil works and electromechanical work signaling, communication and provision of rolling stock. Mail
nuclear
Macrifather's interests are also at the local level. In 2003, the government of Nestor Kirchner decided to terminate the operation of Correo Argentino, who had won in a tender made by Carlos Menem in 1998. Last year, the Justice decided that the State must compensate the employer by 800 million pesos by it. However, the good relationship with the cultivated parent Macri Kirchner indicates no hurry to execute the payment of that balance.
For every agreement that facilitates Macri between the State and the Chinese emporesarios, charges a commission of 4%. This amount was challenged last week by former Economy Minister Roberto Lavagna told the television program "Fair Game", by journalist Nelson Castro. However, this does not prevent new agreements are realized in a key sector of Argentina's economy: electricity generation. On the trip to China, Planning Minister Julio De Vido met for 45 minutes with local company representatives CNNC National Nuclear Corporation. Its owner, Mao Xiaming, said his company will participate in the bidding for the fourth nuclear power plant to build the Government protyecta. It is expected that next trip in August a delegation to the country to meet the situation. In September, a mission of the National Atomic Energy Commission will travel to China to advance the initiative.
Source: For the Subway
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