All of a sudden, the German industrialists and the Swiss banks got interested. That should tell you something. Ok, well it wasn't actually "sudden." Nevertheless, a year ago, there were whispers that the project would fall through. Not anymore. Forgive the pun, but, as of yesterday, the plans for the Bi-Oceanic Railway in South America are definitely back on track.
Puerto Ilo in Peru sits north of the Atacama Desert and, as such, gets very little rain. From the photographs, it looks like a sleepy little port city with a couple of piers, lots of fishing boats and tugboats, and the odd cruise ship arriving with bags of Euros and Dollars to spend. But think of the potential! You want to talk about growth? Peruvian ports are primed to explode with activity. One has to imagine that China would like to transform this port into a major import-export destination.
This CFBC railway project and a long-term lease agreement granted to landlocked Bolivia by Peru will essentially give Bolivia direct access to the Pacific ports. (Think: Silver and Lithium.) When completed, the railway will link Puerto Ilo with Puerto Santos way over in Brazil. Building a 2300-mile long railway project may sound daunting, but, actually, as railway lengths go, this one is only half as long as some of the world's longest. So, it's a very doable project. Not easy, but doable.
Isn't it refreshing to hear news from a sector of the world that isn't being ripped apart by global elites who keep the Middle East in chaos and keep pitting factions of Muslims and Christians against each other in a twisted belief that chaos at both ends results in equilibrium for themselves?
Let's see if the South Americans can remain immune from northern insanity.
Visiting Puerto Ilo in December
Last week, the first plenary meeting of evaluation was held in San Benito, Bolivia, as noted above in Mrs. LaRouche's tweet. The representatives seem open to seeking private investment for this undertaking. The news release reminded us that, last March, authorities of Bolivia and Germany signed a memo of understanding to consolidate the technical support for the railway project.
Now here comes the big money. "Switzerland and China expressed interest in participating in the execution of the railway and three finance firms of the Asian giant pretend [sic] [a better translation is: propose] to support the bioceanic corridor through credits: the Eximbank, the Industrial and Commercial banks." [English story linked here.]
Once again, the United States is being left out of the loop. The decision by Venezuela this past week to ditch the Dollar makes even more sense. Technically, only six of the 12 South American nations are directly affected by the construction of the CFBC railway. However it's easy to see that all of South America will benefit from the spillover of economic prosperity that is about to be generated in that land below the equator.
As Yuan and Euro capital soon become available to saturate South America with infrastructure projects, it makes total sense that the oil-producing territories of this continent will align themselves with their Asian and German trading partners. What do you bet that Brazil will likewise ditch the Dollar in the not too distant future?
The plenary meeting concluded its session yesterday. The consortium has made enough progress to set up a coordination team that will now draft an operations manual for the necessary studies and budgets to be made. The participants of the meeting also decided to consider the cooperation proposals of Germany and Switzerland, through their specialized companies, for the technical support of the Bioceanic Operational Group. Finally, the meeting approved a scheduled joint visit of the team to the port of Ilo in December. [Spanish news story linked here.]
Wouldn't you love to be part of that team? When her pampered neighbors up in North America will likely be mired in some kind of economic chaos, or some war, and another debt-filled Christmas season, sensible people down in Peru will be talking about how to initiate an actual infrastructure project that will prove to be a win-win for everybody.
Addendum September 28, 2017
Helga Zepp-LaRouche provided this LIVE interview with Rogue Money today. She speaks about this new Bioceanic Railway project in the second half: