Construction / Infrastructure in Colombia
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China to take part in construction of trans-ocean railway
CHINA, 2015/05/20 The Chinese Prime Minister Li Keqiang, is expected to announce Tuesday in Brasilia Chinese participation in construction of the trans-ocean railway line linking the north-south line in Brazil to the Pacific coast in Peru, the Brazilian press reported. This project, which has an estimated cost of between US$4.5 billion and US$10 billion, is part of a series of cooperation projects in which the Chinese intend to invest about US$53 billion in its major trading partner in Latin America and worldwide. The trans-ocean railway will allow Brazil to export goods through the ports of the Pacific Ocean such as soybeans and iron ore, two of the major products it sells to China, reducing the costs of transportation.
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