-- NEWS --
Peru wants to build a railway across the South American continent.
Reference News Network reported on May 19 that Reuters reported on May 17 that Peruvian President Biscara told Reuters on the 17th that China may cooperate with Bolivia and Peru on large-scale railway projects across the South American continent. .
The report said that Biscara said in an interview on the presidential plane that the investigation of the project is still going on, and China may be a logical participant in the project because it will be Bolivia and other South American countries to cross the railway to Peru. One of the largest buyers of bulk commodities shipped in southern Pacific coast ports.
The report quoted Biscara as saying: "Between our two countries (Peru and Bolivia), a third partner is needed to help it become a reality."
When asked if China is this partner, he said: "Yes, of course. Because we need a partner who can benefit from the project."
According to the report, China has estimated that the cost of the railway project is about 60 billion US dollars.
According to the report, Peru signed an agreement to join China’s “One Belt, One Road” initiative last month. A few years ago, China overtook the United States to become Peru's largest trading partner. This is largely because China imports copper and other minerals from this South American country.