Last Saturday, the president Javier Milei He signed a decree that launches the privatization process of the state company Belgrano Cargas y Logística SA this decision, confirmed by the presidential spokesman Manuel Adorni through social networks, marks a milestone in the economic policy of the current government.
The decree signed by Javier Mileiwhich is expected to be published in the Official Gazette in the next few hours, it establishes that the State will cease to be an operator of the railway rail services and all its infrastructure, including rolling material, roads, workshops and real estate.
This measure is part of a broader plan that seeks to efficient the competitiveness of railway rail transport, promote investment in the sector and introduce market logic in the railway sector.
Adorniin his statement, he stressed that this privatization is the first of a railway company in the libertarian management of Milei. “The State will cease to be an operator of the railway rail services and all its infrastructure: rolling material, roads, workshops and real estate,” said the presidential spokesman.
The Belgrano Cargas company operates more than 7,600 kilometers of roads that will now be concessioned to private. According to the government, this measure is necessary to improve the efficiency and competitiveness of the Argentine rail system, which has been operating with significant losses.
In 2023, the State had to contribute 112 million dollars to maintain the company’s operation. The privatization process will be in charge of Diego Chaher, head of the Public Business Transformation Agency, the economy dependent agency that manages and evaluates the budget and operation of 58 companies and State companies.
Privatize
The company Belgrano Cargas It is part of the list of companies to be privatized included in the Base Law. The decision of Javier Milei If Belgrano Cargas privatizes, he has generated various reactions. The defenders of the measure argue that the intervention of the State has been insufficient and that privatization is the only way to modernize and improve the rail system.
On the other hand, critics argue that privatization could lead to the loss of jobs and an increase in transport costs for end users. In his announcement, Adorni also mentioned that privatization aims to increase the competitiveness, transparency and efficiency of the system Railway. “Now, without the useless interference of the State, the privatization of Belgrano Cargas will increase its competitiveness, transparency and efficiency,” said the presidential spokesman.
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