The governments of Bolivia, Brazil, Paraguay, and Peru met in Lima Friday, where they agreed on the regulatory framework for the Bi-oceanic Operative Group tasked with promoting the construction of the Bi-oceanic railway.
The project will create extensive railway infrastructure to link the Pacific and Atlantic oceans, from the Ilo port in Peru to Sao Paulo, Brazil. The 3,800-kilometers-long railway system is expected to cost US$10 billion.
During the meeting, Peru’s representatives presented the feasibility study that established there is enough cargo shipped between the countries for the sustainable implementation of the project.
“As a state, we are seriously committed with the Bi-oceanic Railway Corridor. We are committed to working together to go forward and complete this very important project, which will integrate us and lead to our countries’ development,” Peru’s minister of transport and communications, Edmer Trujillo said.
Bolivia’s Minister of Public Works, Milton Claros, told Bolivian media they had agreed to contract an “integral feasibility study” that would take into consideration the conditions in the four countries that are part of the regional project.
The new study needs to estimate the amount of cargo transported using the railway. According to Claros, a Bolivian report estimated 10 million tons per year, but another study estimated Brazil alone generates 50 million tons of cargo per year.
The ambassadors of Switzerland and Germany, delegates from the European Union, and representatives from the Inter American Development Bank and the Latin American Development Bank were also at the meeting and reiterated their support for the project.
On Friday Vyacheslav Pavlovskiy, representative of the Russian Railways Society, expressed their interest to participate in the construction of the bi-oceanic railway.
“We are very interested in projects in Latin America. We have already started several projects and the bi-oceanic train is a very big one, in which we are very interested to participate,” Pavlovskiy told Bolivian media.