Bloomberg and others on 23rd July reported plans by Paraguay to turn its remote, sparsely populated north-west into an international transport hub and a key link between ports on the Atlantic and Pacific coasts of South America. The Corredor Bioceanico would connect ports in Brazil and Chile. It is reported that over the next year 12 months the government plans to tender at least $1.2 billion in public-private partnerships and turnkey projects, including 2 segments of the Corredor Bioceanico, and that might obtain funding from global capital markets. The government’s plans are part of a larger nationwide building program that includes more than $6.8 billion for highways, water and waste projects.
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