The Argentine state secretary of transport, Ricardo Jaime, announced on 27 March 2008 that the finance minister Martín Lousteau and the consortium led by the French company Alstom approved a resolution to finance the Buenos Aires—Rosario—Cordoba High Speed Train (TAVe). The credit line was provided by the French bank Natixis, covering 100% of the project. The financing scheme anticipates an investment of approximately A$ 12,500 million (€2 billion or US$4 billion), to be financed with a long-term credit of 30 years that would be guaranteed with the delivery of the public titles.