The governments of Guyana and Brazil will try to tap China’s $10 billion Latin American infrastructure fund to finance a 350-mile jungle highway linking the two South American nations.
Guyana Finance Minister Carl Greenidge said on June 25 the two countries have agreed to begin talks with China to finance the project, which is aimed at spurring trade and open up jungle areas for development. The project would provide Guyana quick access to jungle and mountain regions and give Brazil’s landlocked Amazonian states access to the Caribbean and Central America.
Officials said a feasibility study needs to be undertaken to determine the project’s costs.
- CPEC will aggravate India-Pakistan tension: US think-tank
- Brazil to report Venezuelan debt to Paris Club: reports
- Shell bets big on Brazil as oil majors snap up offshore blocks
- China wants to revive Brazil high-speed train project, say sources
- PM Modi agrees to fund road & ferry projects in Guyana
- Road to a better future
The two nations are also in talks to develop shipping and hydroelectric projects adjacent to the proposed jungle highway.