According to the Bolivian International Trade Institute (IBCE), Gary Rodriguez, public-private partnerships such as the construction of the international ports Jennefer, Aguirre and Gravetal on the Paraguay-Paraná waterway -which provides Bolivia access to the Atlantic Ocean- can have a significant impact on the country’s economic growth that could reach from 4.5% to even 9%.
Swiss-German consortium will open an operative office in Bolivia to continue developing the bi-ocenic railway project.
The Swiss-German consortium interested in financing of the construction of bi-oceanic railway corridor in Bolivia decided to install an operating base in the country to analyse and review technical and economic proposals as well as to plan and implement adjustments to the rail-track.
The Bolivian proposal for a bi-oceanic corridor is more feasible than the one suggested by Chile, which excludes Bolivia. According to Bolivian experts, the Bolivian project it is now in the pre-feasibility phase, and there is already a railway line in Brazil that connects with the Bolivian track.
President Evo Morales said that he would try to contact Brazilian President-elect, Jair Bolsonaro, to ratify the trade and integration agreements both countries signed. The president said that regional integration is above any ideological difference.
El presidente de Chile, Sebastián Piñera, y el electo mandatario de Brasil, Jair Bolsonaro, mantuvieron ayer una conversación telefónica, en la que hablaron, entre otros temas, sobre la construcción de un corredor bioceánico que una los océanos Atlántico y Pacífico, sin la participación de Bolivia.
Yacimientos de Litio Bolivianos (YLB) CEO Juan Carlos Montenegro said that its strategic partner ACI Systems will provide Bolivian lithium batteries to German car maker Volkswagen.
Ilo and Matarani (Peru) are potential ports for Bolivia’s foreign trade, but still lack conditions (infrastructure and equipment) to compete and in the future replace the already collapsed port of Arica (Chile) where most of the oil enters and leaves of products to the country.
Pro-business governments have made Colombia and Argentina more attractive to investors.
Oil prices fell on Monday in London and New York, with investors more concerned about global growth than the return of sanctions on Iranian oil.
The Aguirre, Gravetal and Jennefer ports, which will allow Bolivia to access the Atlantic Ocean, would generate over US$ 1 billion per year in revenues from imports and exports, said the managing director of the Bolivian Institute of Foreign Trade (IBCE), Gary Rodríguez.