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Argentina Seizes Railway From Brazil’s ALL Over Contract Breach

Argentina expropriated a cargo railway concession from Brazil’s All America Latina Logistica SA and a tourist train concession, citing noncompliance with contractual agreements.

ALL, a freight company based in Curitiba, Brazil, incurred “grave” contract violations by failing to invest and accumulating fines worth 30 percent of the concession, Interior and Transport Minister Florencio Randazzo said today in Buenos Aires. ALL operated the railways between Mendoza province and the Rosario port as well as the railway between Misiones province and the Buenos Aires port since 1999.