China, Brazil and Peru have agreed to carry out a feasibility study on a proposed transcontinental railway connecting the latter two countries, China’s state-run news agency Xinhua reported.

The railway is estimated to be 5,300 kilometres long.

The remark was made by Chinese Premier Li Keqiang on Friday, after meeting Peruvian President Ollanta Humala during his official Latin American tour. Mr Li met with Brazilian President Dilma Rousseff earlier last week.

The three countries have also agreed to “speed up” the efforts of a joint working group for “early, substantial progress” in the project, said Mr Li.

The Chinese Premier stressed China is willing to take part actively in building the transcontinental railway line, noting China has accumulated “a great deal of experience” in railway construction.

Earlier last week, China and Brazil signed 35 trade and investment deals worth US$53 billion. Mr Li today finishes his Latin America tour, which included visits to four countries.