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President Correa: Ecuador wants RZD to make feasibility study of its railway network project

October 29, 2013, 20:05 UTC+3

Ecuador wants to establish railway links between its capital city Quito and the four major Pacific ports

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MOSCOW, October 29 (Itar-Tass) - Ecuador wants Russian Railways Co. (RZD) to make a feasibility study of the project that provides for the establishment of railway links between the country’s key ports, Ecuadorean President Rafael Correa told a news conference at Itar-Tass on Tuesday, commenting on the agreement signed between Russian Railways and Ecuadorean Ministry for Coordination of Strategic Sectors.

“So far, we are not speaking about the project cost, moreover, we cannot even say whether it will be realized or not,” he said. “We are speaking about preliminary estimates of its profitability. Everything will depend on the results of such estimates.”

“The goal of this project is to change the system of transport, to change the energy resource for transport in the country,” he noted. “We want to have an electric train service between the country’s four major ports. Transport is a key consumer of energy in Ecuador. Now the bulk of the country’s transport is operated on non-renewable resources, such as gasoline and diesel fuel, so we want to use electricity to power our transport.”

Earlier on Tuesday, Russian Railways Co. and Ecuador’s Ministry for Coordination of Strategic Sectors signed a protocol of intent, which fixed mutual interest of the parties in cooperation in the area of the construction of new rail ways in Ecuador. Ecuador wants to establish railway links between its capital city Quito and the four major Pacific ports. For these ends, it is necessary to build 1,800 kilometers of rail ways and auxiliary infrastructure.

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