The importance of bioceanic corridors for Chile

More than simply routes, bioceanic corridors are an engine for regional development and the key to Latin American integration. Through its strategic location and openness to global trade, Chile is driving ambitious connectivity projects.

Bioceanic corridors have become crucial for Latin America’s socioeconomic, tourism, and environmental development.

Since the Asunción Declaration in 2015, which prioritised developing the corridor between Porto Murtinho in Brazil and ports in northern Chile, these projects have been identified as essential tools for regional integration.

Bridges to the Future

With its extensive Pacific coastline and proximity to the Atlantic, Chile plays a key role in the development of bioceanic corridors.

According to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), these corridors offer outstanding opportunities to improve the region’s competitiveness and boost economic development.

Brazil, in particular, aims to take advantage of these connections to transport its exports from the Atlantic to Pacific ports in Chile, Peru, and Ecuador.

The bioceanic corridors that pass through Chile include Central Latitude 30, ATACALAR and Capricorn, connecting strategic ports and key regions in Brazil, Argentina, and Chile.

In Chile, bioceanic corridors generally pass through the north of the country, including:

Central Latitude 30

This corridor connects Porto Alegre in Rio Grande do Sul, Brazil, with the port of Coquimbo in Chile. The route also passes through the Argentinean provinces of Córdoba, Santa Fe, Entre Ríos, and San Juan.

ATACALAR

This route connects the south of Brazil with Caldera, Chañaral, and Taltal ports in Chile’s Atacama Region. It also passes through the Argentinean provinces of Catamarca, La Rioja, Tucumán, and Córdoba.

Capricorn

It starts in the port of Santos, in São Paulo, Brazil, and connects with the Antofagasta and Tarapacá regions in Chile.

The route also passes through the Chaco region in the north of Paraguay and Argentina’s Salta and Jujuy provinces. In Chile, it connects with Antofagasta, Mejillones, Tocopilla, and Iquique ports.

New Bioceanic Corridors: Beyond National Borders

The “Bioceanic Route”, a 2,396-kilometer project that connects the port of Santos in Brazil with ports in the north of Chile, offers major time and distance savings for export cargo transport, opening new routes to Asian markets and Pacific ports.

Flagship projects such as the Agua Negra Tunnel, which will cross the Andes Mountains, and Paso Las Leñas, which connects Mendoza in Argentina with Chile’s O’Higgins Region, demonstrate Chile’s ongoing commitment to connectivity.

The “South Trans-Andean Railway”, which aims to connect Chile’s Biobío Region with Neuquén and Bahía Blanca in Argentina, and the Comodoro Rivadavia – Puerto Chacabuco road corridor in Patagonia, are projects that strengthen integration and promote economic development in the region.

Bioceanic corridors not only connect territories and promote international trade; they also generate opportunities for investment in infrastructure and services for foreign companies looking to develop new businesses.

Chile’s concessions system has been developing public works for the last 30 years, awarding their construction and subsequent operation to private-sector players. Since its introduction, more than 100 contracts have been signed for more than US$27.0 billion as of March 2022.

Source: Invest Chile Blog


Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.

The Gateway Team – When You are Serious About Property

www.gatewaytosouthamerica.com

(Visited 257 times, 1 visits today)

About Gateway to South America

Established in 2006, Gateway to South America began as a single office in Buenos Aires. Since then, it has grown into a vibrant regional network, providing professional real estate marketing services to clients in Argentina, Brazil, Chile, Paraguay, Peru, and Uruguay. If you enjoy reading our news site, please share it on your social media!

Comments are disabled
Real Estate and Investment News from South America
Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest