Top 3 Most Expensive Projects in Latin America, Led by Peru’s Chinese Investment

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The execution of new megaprojects in Latin America is transforming the region in economic, social, and environmental terms. These projects aim to strengthen trade between South America, Asia, and Europe, driving economic growth and regional integration. Significant investments, such as the Port of Chancay in Peru, reflect the effort to enhance connectivity and commercial competitiveness in the region.

The Port of Chancay, located on the Peruvian Pacific coast, is emerging as a strategic point for trade with Asia. Its inauguration is scheduled for November and has required an investment of over one million dollars. This project is part of a larger effort to improve trade connections between South America and other markets, positioning Peru as a key player in international logistics.

One of the most ambitious projects is the Central Bi-oceanic Railway Corridor, which aims to connect the Pacific and Atlantic oceans through a train linking Peru, Bolivia, and Brazil. With an estimated cost of 10 to 15 million dollars, this initiative promises to reduce logistical costs and improve transportation times, offering a competitive alternative to traditional maritime routes.

Other notable projects include the expansion of the São Paulo Metro Line in Brazil and the development of ‘Vaca Muerta’ in Argentina. The metro expansion aims to ease traffic in South America’s largest city, while ‘Vaca Muerta’ seeks to position Argentina as an exporter of oil and gas. However, these megaprojects face challenges related to sustainability and the environmental and social impacts they entail.

Main source:

Los tres proyectos más costosos de América Latina – La República.