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LatinNews Daily - 10 September 2021
In brief: Paraguay signs MoU with South Korea for train line
* Paraguay’s minister for public works & communications (MOPC), Arnoldo Wiens, has signed a memorandum of understanding (MoU) with his South Korean counterpart, Noh Hyeong-ouk, for the construction of a light-rail commuter train connecting the capital Asunción with the nearby town of Ypacaraí. The ‘Proyecto de Tránsito de Tren Ligero de Asunción’ will be carried out by Korea Overseas Infrastructure & Development Corporation (KIND), a government institution, in partnership with Paraguay’s state railway operator, Ferrocarriles del Paraguay (Fepasa). According to the MOPC, KIND estimates that the construction of the 43km light railway line, which will include seven stations and a railway depot, will take five years and require an investment of US$500m.
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- In brief: Paraguay signs MoU with South Korea for train line