Paraguay plans to turn its remote, sparsely populated northwest into an international transport hub and a key link between ports on the Atlantic and Pacific coasts of South America, in a proposal its government likens to a latter-day Panama Canal. Investment of over $2 billion in basic infrastructure such as roads and bridges aims to transform the Chaco region and boost trade, according to Public Works Minister Arnoldo Wiens. The Corredor Bioceanico will connect ports in Brazil and Chile, while a revitalized…