Bolivia seeks alternative access to sea
Bolivia and Peru have signed an international agreement which should improve access to the Pacific coast of Bolivia and lessen its dependency on the Chilean terminal of Arica which is being privatised. The agreement, which might eventually see Peru ceding a part of its coastline to Bolivia, will also improve access to the Peruvian ports of Matarani and Callao to Bolivian exports.
The growth is expected to continue over the next ten years as the port follows through on plans designed to secure future volumes. These include the purchase of 119 acres on the eastern end of the Port Jersey peninsula for the potential redevelopment of new cargo container space, the development of an ExpressRail on-dock rail system to be ready by 2011, and the port’s $2bn, 10-year Capital Plan, which includes significant funds to upgrade the on and off-port road network.
Carriers Evergreen, Transmeridian and Meridian have all indicated that they are willing to move from Arica to these Peruvian ports should Bolivian exporters decide to transfer their cargo.
Arica: Bolivia seeking to lessen its dependency
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