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LA PAZ, Oct. 27 (Xinhua) -- The Union of South American Nations (Unasur) has received the go-ahead from Bolivian President Evo Morales to discuss with China the financing of a railroad which will connect the Atlantic to the Pacific.

"We have received authorization from President Morales to take the first financing steps with the Chinese government," Ernesto Samper, Unasur's secretary-general, told a press conference on Thursday.

He added that Unasur fully supported the trans-continental railway as it is good for Bolivia's growth, and also a tool for regional integration.

"It is worth clarifying that this is not a project for a Bolivian train but a multi-national project involving ... Brazil, Argentina and Peru, as well as certainly being relevant for Paraguay," said Samper.

According to Unasur, by 2021, the completed railway should transport 7 million passengers and 10 million tons of cargo.

The railway, which links the Atlantic and the Pacific, will begin at Puerto Santos in Brazil, cross Bolivia at Puerto Suarez, pass the municipalities of Santa Cruz, Montero and Bulo Bulo before entering Peru and ending at Puerto de Ilo.

The coast-to-coast railway was one of the main cooperation projects between China and Latin America promoted by Chinese Premier Li Keqiang during his four-nation tour of South America in May 2015, which included Peru and Brazil.

Bolivia is currently carrying out pre-investment studies to outline the commercial and logistical prospects, the strategic nature of the transport corridor along which the train would run, an environmental impact assessment, a preliminary design and the construction cost calculation.

LUSAKA, Oct. 26 (Xinhua) -- A senior Zambian government official said on Wednesday that talks will resume with the Angolan government on the construction of an oil pipeline.

In 2012, Zambia's investment agency, the Zambia Development Agency (ZDA), signed a 2.5 billion U.S. dollars memorandum of understanding (MoU) for the construction of a petroleum pipeline to run from the Angola city of Lobito to Lusaka, the Zambian capital.

Construction was expected to have started in 2013 and completed this year.

Minister of Energy David Mabumba said a team from his ministry was expected to meet officials from Angola this Friday to chart the way forward.

He told journalists during a press briefing that the government was still interested in the project to cushion the impact of removing fuel subsidies.

The government recently removed fuel subsidies which have resulted in fuel pump prices increasing by 38 percent.

He further said the government intends to engage Saudi Arabia to revise upward a 20 million dollars oil deal.

He said a team of experts from his ministry will soon be going to Saudi Arabia for discussions.

In May this year, the Saudi Arabian government offered a 20 million dollars revolving fund to supply cheaper oil to Zambia in order to reduce fuel prices for the next five years.

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