German Bank to Fund Part of the Bioceanic Train
La Paz, Mar 9 (Prensa Latina) German Ambassador to Bolivia, Matthias Sonn, said here that the Development Bank of his country will finance part of the resources for the Central Bioceanic Rail Corridor (CFBC).
Sonn also pointed out that the creation of a multinational entity in charge of collecting the investment funds of the participating states in the project is foreseen.
The objective of this institution is that capital does not come only from conventional credit from one country to another, but from the sum of multilateral loans and private partners. This will be a new model, noted the diplomat.
In this regard, the Minister of Public Works, Services and Housing of the Andean nation, Milton Claros, has said that the strategy of the CFBC is an issue of investment, not financing.
According to initial projections, the train will demand an amount of 10 billion dollars.
During March 21 and 22, delegations from Paraguay, Peru, Brazil, Switzerland and Germany will arrive in the country to ratify the European nations as main investors of the mega-project.
The meeting will be attended by the Deputy Minister of Transport and Digital Infrastructure of Germany, Rainer Bomba.
Claros pointed out that the main objective of the meeting is to gain progress in the agreements on the construction of the railway.
The Panama Canal of the 21st Century, as President Evo Morales names it, is scheduled to open in 2023 with an extension of 3,300 kilometers.
|By the minute||Most read|