Infra firms boost LatAm's development

Latin America's rapid urbanization and industrialization have led to a rising need for improved transportation, energy, and telecommunication networks, presenting a significant opportunity for Chinese infrastructure firms to engage in mutually beneficial cooperation, analysts said.

The unique strengths and expertise of Chinese infrastructure firms, honed through decades of large-scale project execution, make them well-positioned to contribute to Latin America's development aspirations, they added.

From Chancay Port in Peru and Bogota Metro Line 1 in Colombia to Jamaica's first modern highway and an ultrahigh voltage power transmission line in Brazil, the scale of China-Latin America cooperation in the field of infrastructure has continued to expand in recent years.