China estimates Brazil-Peru train will cost $60 billion
Of that amount, $3.5 billion would need to be invested in Peru and $2.5 billion in Brazil, he said.
“The preliminary report says the corridor would exceed $60 billion; given these figures and other projects that could be more urgent, it has been decided to continue studying it,” said Vizcarra, who is accompanying President Pedro Pablo Kuczynski on his trip to China.
The cost estimate was given by Chinese state railway construction firm China Railway Group, whose senior officials met Kuczynski in Beijing on Tuesday.
During the meeting, the Peruvian president mentioned other priority infrastructure projects in Peru, such as the 450-kilometer-long commuter train network around its capital Lima.
The Brazil-Peru Twin Ocean Railroad was proposed by China as a means of cutting the costs of transporting soybeans – which it imports from Brazil – to the Peruvian coast across a distance of 3,500km.
Previous reports had estimated a cost of $10 billion, but this was revised sixfold since due to the complex regional topography. ■