Wednesday, March 04, 2009

Construction: Chile, Argentina to build tunnel across the Andes

Xinhua reports the Chilean company Empresas Navieras and Corporation America of Argentina have signed a contract to build a tunnel linking Valparaiso, central Chile, with Buenos Aires.

According to a report on the Ansalatina news website Tuesday, the tunnel will be built across the Andean mountain range and will take about seven years to construct.

The project will boost commercial exchanges and tourism in South America. It will also connect Chile with the economies of the Common Market of the South (Mercosur).

Chile and Argentina will be able to send their products by the tunnel to the Asia-Pacific region, the United States and Europe without using the Panama Canal and or the Magellan Straits.
Published by Mike Hitchen, Mike Hitchen Consulting
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