BCIE advances in its institutional strategy to develop a comprehensive rail transport network
CABEI is aware of the impact that COVID-19 may have on the economies of the countries of the region; to that end, it launches regional initiatives to improve sustainable competitiveness.
Tegucigalpa, July 2, 2020.- The Central American Bank for Economic Integration (CABEI) plans to develop an integral regional rail transportation network that will streamline economic growth with low carbon emissions and foster greater transport resilience in the region.
During the webinar denominated, "Implications of the Central American Railroad as a pole of social and economic development in the new post-COVID-19 reality," CABEI collaborators and partners of the Spanish Railway Association (MAFEX) explored actions carried out to date and future actions that target project sustainability and technological transformation.
The virtual conference highlighted the need to jointly search for new businesses that require investments and new financing schemes in order to create additional job sources and projects aimed at supporting the region's economic recovery in response to the needs of the countries in the face of COVID-19.
The following projects were mentioned as examples of success stories: The urban passenger train and the Limonense electric freight train in Costa Rica. Likewise, the Bank is financing project feasibility studies for other countries in the region.
Within the framework of its strategic vision for next five-year period, the Bank plans to effectively promote regional integration, preferably financing regional initiatives with an impact in two or more countries.
CABEI will promote a vision of transportation with initiatives that include regional connectivity with investments in rail transport projects that foster the modernization of public transportation with electric units, thereby reducing fuel consumption and carbon emissions in favor of the environment.
