Skip to main content

Argentina plans long-term transport strategy

Argentina, which ranks poorly in transport infrastructure, according to the World Economic forum, has created a national transport institute (IAT) to develop a 50-year transport development strategy, as the country invests to revamp its railway network in an effort to overcome severe infrastructure deficits in the sector. Interior and transport minister Florencio Randazzo said that the newly created agency's mission is to establish long-term development plans and initiatives, and propose policies and reg
June 26, 2014 Read time: 2 mins
Argentina, which ranks poorly in transport infrastructure, according to the World Economic forum, has created a national transport institute (IAT) to develop a 50-year transport development strategy, as the country invests to revamp its railway network in an effort to overcome severe infrastructure deficits in the sector.

Interior and transport minister Florencio Randazzo said that the newly created agency's mission is to establish long-term development plans and initiatives, and propose policies and regulations.

Its executive committee, led by the transport minister, will be integrated with representatives from the country's various provinces, municipalities, unions and non-governmental organisations, as well as businessmen and transport users.

The growing demand for mobility in Argentina requires an efficient and well-integrated and nationwide railway system, Randazzo said in a statement.

Argentina began to revamp its railway service last year after a series of deadly accidents. The government has nationalised cargo and passenger lines and has invested nearly US$5 billion to upgrade cars, tracks, and stations.

Argentines have blamed the government for lack of investment in the railway system and the poor service that several private concession holders reportedly provide.

Related Content

  • Investors say politics is hurting Chile infrastructure spending
    October 22, 2013
    While the financial community praises Chile as a safe haven and pioneer in Latin American infrastructure, investors say that political leaders lack commitment to push for projects, and they have called for the creation of an independent authority to plan public works and coordinate projects. Chile's construction chamber has proposed the installation of an agency, such as those that exist in Canada and New Zealand, which would be independent from the national government and would plan long-term infrastruc
  • Rating agency Standard and Poor Tolling sees a bright future for tolling
    September 6, 2017
    Few disruptions appear on the horizon for global toll road operators, with the US poised to become a better bet for major investment, according to ratings agency Standard and Poor’s (S&P’s) Global Ratings’ 2017 report, which rates toll road operators according to their ability to raise capital. The outlook is generally stable for business conditions and credit quality for toll roads worldwide. One positive exception is the US where the overall outlook is ‘positive’ as S&P expects traffic growth to increase
  • Multi-modal transport system key to liveable city development
    June 20, 2012
    Malaysia’s Economic Transformation Programme aims to transform Kuala Lumpur into one of the world’s most liveable cities. Mohd Nur Kamal, CEO of SPAD, Malaysia’s Land Transport Commission, explains how a world class multi-modal transport system will be key to reaching that goal Superficially, Kuala Lumpur, or KL as it is commonly known, is the model of a vibrant, modern, cosmopolitan city to equal any in the world. The Petronas Twin Towers, an iconic global symbol of Malaysia, are surrounded by stunningly
  • Tolling agencies build resilience into highway operations
    August 6, 2013
    IBTTA executive director and CEO Patrick D. Jones looks at tolling’s resilience in an increasingly unpredictable and cash-strapped world. Turbulent times call for transportation agencies to move smarter. That’s why resilience and preparedness have become watchwords in every aspect of tollway operations. From having the financial resources to invest in construction, maintenance and roadway operations, to having up-to-date emergency plans and social media strategies to cope with severe weather, tolling agenci