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Koica to launch study for interoceanic rail corridor (Regional)
A delegation of experts from the Korea International Cooperation Agency (Koica) of South Korea arrived in the Paraguayan city of Encarnacion to study the planned route for the interoceanic rail corridor between Paraguay and Brazil.


Koica, including rail system specialists, economists and sociologists, will launch prefeasibility studies for the project, which is still pending approval, according to the Yacyreta entity (EBY) that manages a hydro binational dam.


The project committee includes officials from EBY, representatives from the public works and communications ministry (MOPC), the foreign and environment ministries and state rail company Ferrocarriles del Paraguay.


"We are putting together a report, and are in charge of carrying out all studies related to the project which, upon being approved, will go forward with the support of the [South] Korean government and that of Paraguay," said Jie Tae Hong, a member of Koica.


The interoceanic route aims to connect the Atlantic and Pacific oceans, joining the rail line which runs between Brazil's Cascabel city and Paraguayan cities Ciudad del Este and Maria Auxiliadora with Encarnacion city near the Argentine border. The line will eventually be connected with a railway linking Chilean city Antofagasta with Paranagua in Brazil.


Funding for the project is coming from Brazil's national development bank BNDES.

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