Foreign Direct Investment in Bolivia could reach this year around $US1,300 million, according to the government. The Minister of Planning Development, Mariana Prado, stressed that FDI grew in the last 12 years from $US700 million to $US1,200 million in 2017.
Spain will deliver next week its economic proposal to participate in the construction of a bi-oceanic railway, informed the Minister of Public Works, Milton Claros. Initial estimations of the project suggest an investment cost of at least $US10 billion and a construction period of 5-7 years.
The telecommunications satellite Tupac Katari has generated revenues of around $US100 million since 2014 and the number of clients exceeds the 200 companies in the country. The director of the Bolivian Space Agency (ABE) stressed that the cost of the satellite would be covered in 15 years maximum.
The investment to improve the ports on the Paraguay-Parana waterway and the bi-oceanic railway in Bolivia already exceeds the $US500 million, said the Public Works Minister, Milton Claros.
Bolivia has a long history with the oil and gas industry, with the country’s first liquids production commencing in 1925. Today production is dominated by gas, a commodity that has become vital to the country’s economy.
Natural gas has played a key role in Bolivia’s economy, notably over the last 15 years where production has more than doubled from 2003 levels to reach 1654mmscf/d in 2017.
Latest news about lithium
Lithium industry – Primer Latin America represents a huge concentration of lithium as a resource and reserves, the latter representing ca. 61% of global reserves. Of note, Bolivia does not feature in those reserves statistics as of year-end 2017. More Opinion: Beyond pilot trials – Lithium extraction […]