Brazil-Peru: The Gateway to Asia
Brazil is building infrastructure throughout neighboring Peru with a view to opening up shipping routes to Asia. The substantial investment also boosts Peru’s long-term development.
The most ambitious project is a two-pronged paved highway
connecting Brazils Santos Ports to ports in southern
Peru. Known locally as the "inter-oceanic highway," it will
require close to $1.8 billion by the time it is completed in
by Lucien Chauvin
Highways are the most visible sign of Brazils growing
presence in Peru. But they represent just a small fraction of
what government authorities and experts hope will be full
economic integration between the two countries. Latin
Americas biggest economy is also looking to Peru to help
channel some of its rapidly growing trade with Asia.
Brazils Odebrecht, Andrade Gutierrez, Camargo Correa
and Queiroz Galvão are the main contractors, and
financial support is coming from Perus central
government, as well as the regional government where the
highway is being built. Brazils BNDES will help finance a
huge chunk of the projects with...
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