US EditionPeru Says No to Funding Brazil-Pacific Railway as China Invests in Chancay Port
- Peru's government will not fund or participate in a railway project connecting Brazil to the Chancay port, as confirmed by Prime Minister Eduardo Arana.
- The proposed railway from Brazil could cost at least $10 billion, but Peru will only consider it if private investors cover the costs and legal requirements.
- Chancay port, built with $1.3 billion from China's COSCO Shipping, opened in 2024 and aims to handle one million containers yearly while significantly reducing shipping times to Asia.
- China views Chancay as vital for its Belt and Road Initiative, but Peru prioritizes its control over infrastructure amidst foreign interests.
19 Articles
19 Articles
By Jimena De La Quintana, CNN en Español Peruvian Prime Minister Eduardo Arana said Wednesday that "for now" they have not authorized investment in a rail corridor that China and Brazil plan to connect the Atlantic and Pacific oceans ―at the Peruvian port of Chancay. The official responded to a question from the press about the agreement signed Monday between Brazil and China to begin the necessary studies for the construction of a train that wo…
By Jimena De La Quintana, CNN en Español Peruvian Prime Minister Eduardo Arana said Wednesday that "for now" they have not authorized investment in a rail corridor that China and Brazil plan to connect the Atlantic and Pacific oceans ―at the Peruvian port of Chancay. The official responded to a question from the press about the agreement signed Monday between Brazil and China to begin the necessary studies for the construction of a train that wo…
Peru Says No to Funding Brazil-Pacific Railway as China Invests in Chancay Port
Peru’s government has clearly stated it will not pay for or take part in a planned railway that would connect Brazil’s Atlantic coast to Peru’s new Pacific port at Chancay. Peru’s Prime Minister, Eduardo Arana, confirmed that Peru has not approved the project and will not invest public money in it. He explained that while […]
China Pitches South American Transcontinental Railroad as 'Alternative to the Panama Canal'
China and Brazil signed a memorandum of understanding, Chinese state media reported on Wednesday, to explore the possibility of jointly building a transcontinental railroad from the east coast of Brazil to the west coast of Peru – directly to a port funded and partially owned by Beijing. The post China Pitches South American Transcontinental Railroad as ‘Alternative to the Panama Canal’ appeared first on Breitbart.
For the project to be concrete, Peru "territory to pay for the train", estimated at $10 billion. The prime minister said that the Government was not planning to invest this value at this time.
The Peruvian government announced on Wednesday that it will not participate in the bio-oceanic train project envisaged by Brazil and China to connect the Atlantic to the Pacific. "The Peruvian government has not authorised it and is not planning to invest" in this project, said Peruvian Prime Minister Eduardo Arana, at a conference held in... This article Peru is disengaged from the bio-oceanic train project promoted by Brazil and China appeared…
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