Nevertheless, the train protection system will not be deployed by an European company but by a company from Japan as the Government in Argentina has signed a USD 49.5 million loan agreement with the Japan Bank for International Cooperation (JBIC) to install an Automatic Train Stop (ATS) system.
The loan (which is cofinanced with the Tokyo Branch of Deutsche Bank) is to finance a set of railway signal systems from the Marubeni Corporation for the State Company of Administration of Railway Infrastructure to carry out the installation of automatic railway stop systems for eight Buenos Aires suburban rail lines. The manufacture will be carried out by Nippon Signal Co Ltd.
This measure will contribute to improving safety on the Argentinian railway by introducing high-quality infrastructure and the ATS system is also expected to eventually lead to the alleviation of chronic traffic jams in Buenos Aires.
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