China, Brazil, Peru agree to railway feasibility study
Print Edition
CHINA, Brazil and Peru have decided to conduct a feasibility study for a proposed transcontinental railway line connecting Peru’s Pacific coast with Brazil’s Atlantic coast, Chinese Premier Li Keqiang said on Friday during a visit to South America.
The three countries have also agreed to speed up the work of their joint working group, which aims to drive economic development along the rail line and accelerate industrialization and urbanization in South America, Li said after talks with Peruvian President Ollanta Humala.
Peru is the third leg of the premier’s four-nation tour to Latin America after Brazil and Colombia. He will also visit Chile.
Li said he and the leaders of Brazil, Colombia and Peru have agreed to build “new highlights in pragmatic cooperation” in such fields as trade investment, industrial capacity cooperation, equipment manufacturing and infrastructure construction.
The premier said China has a great deal of experience in railway construction and that Chinese equipment is safe and low cost.
China is willing to build the railway line and other rail transit projects to boost interconnection in South America, he said.
Humala described Li’s visit to Peru as a “great event” in the development of Peru-China relations, and that Peru is willing to boost cooperation.
The signed of a memorandum of understanding on a feasibility study for the transcontinental railway line has lifted the Peru-China relations to a higher level, he said.
During the leaders’ talks earlier in the day, Li told Humala that China and Peru should make a forward-looking design, based on existing free trade arrangements, to advance their cooperation in industrial capacity and equipment manufacturing.
China will use its industrial capacity and advanced technologies in railway and ports construction, electric power generation and transmission to participate in big infrastructure projects, Li said.
Humala said Peru highly values its relationship with China and is willing to push forward their strategic partnership.
Construction of the rail line will be significant to Peru, Brazil and China as well as the regional economy, he said.
The two countries also agreed to tap the potential of bilateral trade and fully use their free-trade pact to promote sustainable and stable growth of bilateral trade and address trade frictions through friendly negotiation.
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