Argentina takes delivery of rolling stock from CSR

A batch of 300 railway carriages from China's State-owned electric locomotive manufacturer CSR has been delivered to Argentina for $354 million.

Argentine President Cristina Fernandez de Kirchner hosted an event to mark their arrival in Buenos Aires, the South American nation's capital.

CSR, the world's largest manufacturer of electric locomotives, has supplied trains and other railway products to Argentina since 2006. In 2013, the company won two orders worth a total of $1 billion from that country to supply intercity trains.