On July 8th following the BRICS Plus Summit in Rio de Janeiro, Brazil’s Transport Ministry announced that it has signed a Memorandum of Understanding with the state-run China Railway Economic and Planning Research Institute to initiate technical and other studies for the construction of a bi-oceanic rail corridor which will link the Brazilian port of Ilheus on the Atlantic Coast, with Peru’s Chancay mega port on the Pacific. China and Peru inaugurated the Chancay port with great fanfare in November 2024.
The rail corridor means that China’s Belt and Road Initiative has finally arrived in a big way in Ibero-America. It will vastly increase the efficiency of Brazil’s huge exports of soy, iron ore and other products to China. Moreover, it will open up the vast interior of South America to industrial development.
The bi-oceanic rail corridor is the decisive great project for Ibero-America which has been on the drawing boards for several decades but has now started to see the light of achievement at the end of the tunnel.
Mr. Carlos Jaico, international lawyer and former Chief of Staff of the President of Peru, granted this interview to the Belt and Road Institute in Sweden to explain how the Chancay Port and the integration of the infrastructure corridors in South America in the context of the Belt and Road Initiative will transform the economies and socio-political conditions of the continent.
Watch on YouTube: https://www.youtube.com/watch?v=2bNlptvGy4U&t=24s
Watch on TikTok: https://www.tiktok.com/@brix.sweden/video/7525864859750157590
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