Ferrocarriles Mediterráneos S.A. (FEMED) was an Argentine company which operated a 5 ft 6 in (1,676 mm) broad gauge railway line between Córdoba and Villa María originally built by the British-owned Central Argentine Railway, which became part of Ferrocarril General Bartolomé Mitre after railway nationalization in 1948.

As part of a national railway privatisation plan, carried out under the presidency of Carlos Menem, a concession to operate the line was granted to the government of Córdoba Province in 1992 and was later transferred to FEMED, a cooperative composed of former rail workers, in January 1999.

During its first months of existence FEMED focused on the repair and repainting of locomotives and coaches.

[1] Although plans included to run trains to Retiro, Villa María, Alta Gracia and Río Cuarto, the company could run only a daily service from Córdoba to Villa María.

At the end of 2003 the Government of Córdoba revoked the concession granted to FEMED,[2] and private company Ferrocentral took over the service, beginning to operate trains to Villa María in August 2004, then adding services to Córdoba in April 2005.