Brazil, Chile and Peru seek investors at the IDB meeting in Panama

Brazil, Chile and Peru seek investors at the IDB meeting in Panama

July 19, 2023, 10:56 PM

July 19, 2023, 10:56 PM

Brazil, Chile and Peru invited this Wednesday to invest in those countries at present millionaire infrastructure projects at a meeting organized in Panama by the Inter-American Development Bank (IDB).

The expansion plan of the Sao Paulo subway was presented by Rafael Benini, secretary of the Association for Investment of that Brazilian state, at the meeting on “Public-Private Association” in the Panamanian capital.

This extension includes the construction of 54 new stations to serve a total of 3.9 million passengers a dayBenini said. The plan includes a high-speed line to Campinas, 100 km from the São Paulo metropolis.

“Then, the TIC (intercity train) to Campinas would be the first train project of [alta] speed of Brazil,” said Benini.

For his part, the Chilean exhibitor, Luis Felipe Elton, presented projects of highways, airports, railways, trams, cable cars and prisons.

“We have a priority, which is Route 5 (Pan-American), which is the backbone of our country,” said Elton, from the Concessions Directorate of Chile’s Ministry of Public Works.

In this 3,000 km long road, about 1,000 remain to be converted into a motorway km in the extreme parts of the country.

Besides, the Santiago-Valparaíso train (110 km away) “It’s a priority” for President Gabriel Boric, Elton said. This railway stopped running in 1986.

“The message that we have to give as Chile is that we are very active in the concession system, we have a very ambitious portfolio (of projects) and we are seeking to interest more and more investors,” Elton told AFP.

Meanwhile, the Peruvian exhibitor, Emerson Castro, invited to invest in the projects of a “Peripheral Road Ring” to decongest the chaotic trafficor vehicle in Lima and an industrial park in the port of Ancón, north of the capital, among others.

“Traffic gets more complicated every day” in Lima, admitted Castro, from Proinversión, a public entity that promotes investments in Peru.

“In 2024 it is a quite decisive year for us […]there are more than 6,500 [millones de dólares] that we have in our portfolio,” explained the official.

Peru is also looking for partners for a cable car on San Cristóbal hill in Lima in order to turn it into a tourist site and sanitation works in the Amazonian city of Puerto Maldonado, he added.

The three-day meeting in the Panamanian capital, which ends on Thursday, is attended by hundreds of officials, businessmen and economists.
The IDB, created in 1959 and headquartered in Washington, is the main source of long-term financing for the countries of Latin America and the Caribbean.

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