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German, Swiss Interest in Transcontinental Railroad Edges Out Chinese

LADB Article ID: 80343
Category/Department: Region
Date: 2017-07-07
By: Andrés Gaudín

Plans for a transcontinental railroad to link the Pacific and Atlantic Oceans in South America have greater strength now that the governments of Switzerland and Germany, along with business groups from those countries, are showing interest in helping finance and build the ambitious project. China, previously the railroad’s great ally, has now taken a back seat, and there’s no longer talk of Asian financing through the Asian Infrastructure Investment Bank (AIIB) or participation of the state-owned China Railway Group. Bolivia, once the project’s sole promoter, seconded by Peru and a now dubious Brazil, has now been joined by the governments of Paraguay and Uruguay. On more than one occasion, Bolivian President Evo Morales has said that the railroad uniting the two oceans is the most concrete and fastest way to end the landlocked situation Bolivia has suffered since the end of the War of the Pacific (1879-1883) when it lost its seaboard to Chile. However, The outlook for the project began to change once Peru and Brazil installed new governments.

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