Grupo México Transportes (GMXT) confirmed its interest in participating in the bidding process for the modernization and operation of a railway network in Argentina, where it anticipates an investment of three billion dollars
According to reports from Argentine media, Bernardo Ayala, CEO of GMXT, confirmed the above after a meeting with journalists, where he stated “that it is a unique opportunity to participate in a process similar to the one carried out in Mexico in 1998.”
He specified that they will seek opportunities for the mining, agricultural, and consumer goods sectors with the goal of creating a “highly efficient” railway network .
The Argentine government announced earlier this year that it would carry out a privatization process with the purpose of increasing cargo volume and achieving an economically and financially sustainable operation of the General Belgrano, General San Martín (both of interest to GMXT) and General Urquiza lines, managed by Belgrano Cargas y Logística, because a level of investment in infrastructure and incorporation of rolling stock is required that exceeds the possibilities of generating funds and borrowing capacity of the company and the State.
“In order to ensure the continuity of operations in an efficient and competitive manner, it is essential to incorporate private investors, considering the total privatization of Belgrano Cargas y Logística as the ideal means to achieve this end,” stated Decree 67/2025.
In that regard, the Ministry of Economy of Argentina instructed the various agencies involved in the privatization process to carry out the necessary actions to deepen this process, and the Secretariat of Transport to prepare and manage the bidding, technical and contractual documentation, with the prior intervention of the Agency for the Transformation of Public Companies.
In that regard, the State will cease to be the rail operator of freight transport on that system and of all the infrastructure, such as rolling stock, tracks, workshops, and adjacent buildings. However, the land and tracks will remain its property.
The railway network, spanning over seven thousand kilometers and slated for concession, directly impacts 16 provinces: Buenos Aires City, Buenos Aires Province, Córdoba, Entre Ríos, Corrientes, Misiones, Chaco, Santa Fe, Santiago del Estero, Tucumán, Salta, Jujuy, Mendoza, San Juan, San Luis, and Catamarca. “Its administration is carried out through 11 production units and eight company-owned workshops, where rolling stock repairs are performed.”
The main cargoes include agricultural products, stone, coke, wood, minerals, metals, consumer goods , among others
The Belgrano line has freight rail connections with Chile and Bolivia , while the Urquiza line has three international crossings that connect it with Brazil, Uruguay and Paraguay .
According to data from the National Commission for Transport Regulation of Argentina , in the third quarter of this year, the Argentine railway system registered a growth of 1.8% compared to the same period last year.
This privatization process will be the first in the railway sector under the president of Argentina, Javier Milei . Local media also reported that the companies Bunge , Cargill , ACA, AGD and Louis Dreyfus Company submitted a joint proposal for the tender , the decision of which is expected in the first quarter of 2026.
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