Tuesday, 16 May 2017 19:56

Bolivia and Brazil to Sign Memorandum for Bi-Oceanic Railway

Written by PL
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La Paz.- Bolivian Public Works Minister Milton Claros reported that brazil would sign the official memorandum to join the Central Bi-Oceanic Railway project in coming days.


Claros announced that he would meet with Brazilian Transportation Minister Mauricio Quintella to define tasks that Brazil should carry out as part of the initiative, such as contribution of technical equipment.

The Central Bi-Oceanic Railway (CBR) will link the port of Santos (Atlantic Ocean), in Brazil, to the Peruvian Ilo port (Pacific) and will cross through Bolivian territory to favor trade with China, South Koprea, India and Japan.

The railway trucks, which will stretch for 1,360 kilometers, will demand more than $10 billion USD and will take from five to seven years to be finished.

Bolivian is coordinating the Operational Group (GOB), which is processing the participation of consultants in charge of gathering all the projects, studies and analyses about the railway construction.

Representatives for Bolivia, Peru, Paraguay and Brazil recently stated their commitment to sharing information among the four working teams for the CBR to be come a reality.

Besides, Peru should conclude its pre-investment study for the railway section, while Bolivia and Paraguay will carry out the project on the Robore-Puerto Carmelo Peralta route. (PL)

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