Person

Milei

1. Grupo Mexico drops out of Argentine freight rail privatisation in setback for Milei

   Buenos Aires Times reported that Grupo Mexico withdrew on Oct 21 from bidding for Argentina's state-owned Belgrano freight railway, after more than a year lobbying officials to change the operating model and securing US support and partners. Belgrano Cargas has about 14,000 km of freight track, of which only 7,600 km is usable due to neglect, and almost all Argentine freight moves by truck; the company's head said the privatisation is an open process and firms are free to decide whether to take part.

   Oct 22, 2026 Afternoon