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China signs memorandum of understanding with Brazil and Peru for transcontinental railroad feasibility study (Linked to Record ID#35999 and #62361)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | America, regional |
| Country | America, regional |
| Start Date | May 22, 2015 |
| End Date | Jun 03, 2029 |
| Duration | 5,126 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 37820 |
Grant Description
On May 22, 2015, China, Brazil, and Peru signed a memorandum of understanding agreeing to conduct a feasibility study on the proposed transcontinental railway line connecting Peru's Pacific coast with Brazil's Atlantic coast. The Chinese government is willing to help build the railway line.
The feasibility study was funded through the Economic and Technical Cooperation Agreement (ETCA) signed on May 22, 2015, but its monetary value is unknown (see Record ID#62361).
The Peruvian Ministry of Transport and Communication and the Peruvian Agency for International Cooperation are involved in project implementation.
Staff Comments
1. This project is for the feasibility study. For the main project financing, see project #35999.
Sources & References
- El tren bioceánico, uno de los ejes de los acuerdos entre China-Perú
- A Chimera in Growing Cooperation Between China and Brazil
- Xi y Humala acuerdan crear grupo de trabajo para el ferrocarril Perú-Brasil; CHINA PERÚ
- China
- Peru and Brazil mull Amazon railway
- Humala Ends China Visit with Support for Pacific-Atlantic Railroad
- Ratificación del Convenio de Cooperación Económica y Técnica (May 22 2015)
- Backgrounder: China's major railway construction projects in Africa
- Latin America Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
America, regional
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