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Spanish Construction Companies Enter the Race for the Train That Will Cross South America



Germany, Switzerland, the United Kingdom and Russia had already shown interest to Bolivia and its partners
The corridor between Atlantic and Pacific is valued at US$ 8,600 million

The Spanish construction wants to be on the starting line when it starts to roll the most ambitious railway project planned in Latin America , currently under environmental and feasibility study: the Central Bioceanic corridor .

It is about the old desire to communicate the Atlantic with the Pacific, through 3,700 kilometers of track for both freight and passenger traffic. The route will cross Brazil, Bolivia and Peru , and would have a branch of 500 kilometers with Paraguay and possible ramifications towards Chile. In this regard, different European governments, the last of them the Spanish, have signed collaboration agreements with Bolivia, promoter of this infrastructure budgeted between 10,000 and 14,000 million dollars (from 8,600 to 12,000 million euros, with an average estimate of 10,000 million ).

President Pedro Sánchez took advantage of his tour of South America at the end of August to seal a cooperation pact with the country presided by Evo Morales , which includes the possibility of investing to move forward the Bioceanic corridor. Before Spain, the governments of Switzerland, Germany, the United Kingdom and Russia have arrived , which deployed their diplomatic missions months ago to take positions.

With all the caution advised by the embryonic state of what is already known as the Panama Canal of the 21st century , companies such as OHL, Sacyr and Acciona have made a first approach to the project and are already focusing on works that, supposedly, would begin to be tendered in 2020. The memorandum signed days ago by Sánchez opens the future action both to the investment and to the participation of Spanish companies that would otherwise have restricted access to the contests .

Sector ensures that the initiative of the President the Government has not been encouraged by the Spanish lobby of large infrastructure conglomerates, but in the environment of the employer Seopan is grateful that from La Moncloa has made its way to the private sector. “In this type of project it is essential to be from the initial phase to have options in future tenders,” insists a senior manager of the sector.