China agreed to finance express train for Bolivia
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Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Bolivia
Sector
Transport and storage (Code: 210)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In 2009, China agreed to finance an express train in Bolivia. The project will require an investment of $600 million USD. The rail service will reduce the travel time between La Paz and Oruro. The bullet train will develop travel time averages between 150 and 200 kilometers per hour. The funding, which would take on the form of credit, was agreed to this week at a meeting in New York between Presidents Evo Morales and his Chinese counterpart, Hu Jintao, who attended the 64th session of the UN General Assembly. Specific terms of financing are unknown.
Number of official sources
1
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Bolivia [Government Agency]