On April 28, 2026, in connection with the privatization of Belgrano Cargas y Logística S.A. (“BCyL”), which was initiated by Resolution No. 1049/2025 (“Resolution 1049”) of the Ministry of Economy, pursuant to the authorization granted by Decree No. 67/2025 (See our comments here), the National Executive Branch issued Decree No. 282/2026 (“Decree 282”)
Decree 282 establishes that resources obtained from the sale of the rolling stock included in the concession process of the railway lines and adjacent real estate of General Belgrano, General San Martín and General Urquiza Lines (“Lines”), shall be assigned to the Transport Infrastructure System Trust Fund (“Trust”)
In this regard, the Ministry of Economy was instructed to allocate the relevant proceeds to the Trust account opened under Resolution 1049, execute any necessary amendments to the trust agreement, and issue any supplementary implementing rules. It was also entrusted with determining the sale price of the rolling stock, which may not be lower than the valuation issued by the National Valuation Tribunal in connection with the BCyL privatization process.
Decree 282 also instructed the Secretariat of Transport to identify the rolling stock to be included in the track concession processes for the Lines, in accordance with the applicable tender documents.
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For additional information, please contact Nicolás Eliaschev, Javier Constanzó, Juan Pablo Bove, Paula Cerizola, Macarena Becerra, Cristian Bruno, Manuel Crespi, Nair Ivanoff Ravnensky, and/or Fermín Bartos.