Latin American ports in $130bn project

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Some of South America’s largest economies are to invest in a number of infrastructure projects.

Brazil, Chile, Colombia and Peru are to offer infrastructure investment opportunities for a wide range of projects, with an estimated total worth of US$130 billion.

The projects will be funded through direct investment or public private partnerships, reports the Latin America Herald Tribune.

The Logistics Investment Program in Brazil for the period 2014-2017 includes projects involving roads, which will be the primary focus of investment, as well as ports and railways.

Port construction will demand $25 billion in Brazil, $1.8 billion in Chile, $1.6 billion in Colombia and $300 million in Peru.

Railroad projects will be led by Brazil with $25.6 billion, followed by Peru with $8.3 billion, Chile with $4.4 billion and Colombia with $3.1 billion.

Alberto Zoffmann, director of project finance at Latin America’s largest investment bank, Itau BBA, said: “There is no single reason for the increase in investment, but the main point is to improve the infrastructure and ensure the country’s competitiveness.”

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