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Peru to seek global partners for $10 bln coastal rail project

Peru will pitch a. partnership to foreign federal governments to build a $10 billion rail. project as part of a significant development strategy centered on the. soontobe inaugurated Chancay port, the federal government's. transportation minister said on Tuesday.

The task involves the construction of two railways, one. connecting the capital Lima south to the city of Ica, and the. other with the city of Barranca in the north, Transport. Minister Raul Perez said throughout a press conference in Chancay,. on Peru's central Pacific coastline.

Perez did not offer more details on how the rail job. will serve the port.

The government prepares to pitch it to authorities from. China, the United States, Britain, Canada, France and Japan,. when agents fulfill in Lima next month for the. Asia-Pacific Economic Cooperation summit.

The Chancay port, which authorities hope will become a. significant shipping center for South America-Asia trade, will be. inaugurated in mid-November and

start container shipping

to Shanghai quickly later on.

(source: Reuters)