CHINA-SOUTH AMERICA: RAILWAY CONSTRUCTION
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China's scheme to build an east-west railway 5,300km (3,300 miles) across South America, cutting across parts of the Amazon rain forest, and linking Peru's Pacific coast with Brazil's Atlantic shores moved forward on Maty 23, 2015, after talks between the Chinese Prime Minister Li Keqiang, and Peruvian President Ollanta Humala. It will cost more than $10 billion (£6.5 billion). Brazil, China and Peru will now begin feasibility studies into the railway. For China, the railway, which would begin in the gigantic Brazilian port of Acu and end at a Peruvian port, would reduce the cost of shipping raw materials and farm products.
(Comment: Chinese President, Xi Jinping had earlier this year pledged to invest $250 billion (£161 billion) in Latin America over the next decade.)
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