Chile, Paraguay set sights on new road corridor
Paraguay and Chile are launching a technical cooperation
Paraguay and Chile are launching a technical cooperation program to construct a highway corridor to connect the two countries.
A bi-national delegation is to be formed to advance the project, with members to include Chilean and Paraguayan transport and public works officials, according to a Paraguayan release.
Investment in the project could be up to US$1bn, Paraguay's public works and communications minister Ramón Jiménez Gaona said previously.
The route would provide landlocked Paraguay with easier access to Asian markets, where some 40% of the country's exports are bound, Gaona said.
Meanwhile, Paraguay is seeking measures to streamline public-private partnerships in the country. While legislation permitting the associations was passed in late 2013, the country has yet to get its first PPP off the ground.
Source: Noah Ramirez (bnamericas.com)
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