Multinational consortium Corredor Bi-Oceanico expects to complete studies for a bi-oceanic railway corridor connecting Argentina, Brazil, Chile and Paraguay in December, Roberto Salinas, advisor to the logistics committee of Paraguay's investments and exportations network Rediex, told BNamericas.
The group is carrying out technical and financial studies to build a 3,352km railway network linking Chile's Mejillones and Antofagasta ports to Brazil's Paranagua and Sao Francisco do Sul ports.
Brazilian national development bank BNDES provided financing for the studies, after the governments of the four countries agreed on the need to build the railway corridor.
Of the proposed rail link, only 17% will use existing line that is in good condition. Of the rest of the railway, 15% is in regular condition, 42% will require repairs, and 26% will need to be built from scratch, according to Salinas.
Work will include repairing and upgrading the Avia Terai-Metan railway stretch, as well as building the Foz de Iguazu-Ciudad del Este and Pilar-Puerto Barranqueras railway bridges and the Pilar-Ciudad del Este and Cascavel-Foz do Iguazu rail lines.
Corredor Bi-Oceanico includes Enterprise Infrastructure Engineering (Ebei), Siqueira Castro Advogados, consultancy firm Enefer, Ernst & Young, Trends Engenharia e Infraestrutura and Vetec.