Belgrano Cargas

Belgrano Cargas S.A. was an

The network operated by Belgrano Cargas extended through the provinces of

As part of a national railway privatisation plan carried out under the presidency of Carlos Menem from 1992, a 30-year concession to operate the network was granted to "Belgrano Cargas S.A.", formed by the union of railway workers, "Unión Ferroviaria" (51%), and Laguna Paiva (48%), an industrial cooperative, on 16 November 1999. The government retained a 1% golden share and the right to elect one director.^{[citation needed]}

Nevertheless, the union was involved in suspicions about the handling of the funds received to operate the line. The union alleged that the Government did not invest enough to reactivate the line which was in critical condition when they took over. In 1998 Belgrano Cargas carried 3,287,515 tonnes a year. In 2006 it decreased to 500,000 tonnes.^[2]

During presidency of

• Trenes Argentinos Cargas, successor company

References