The highway would run from Santos port in southeastern Brazil, cut through Santa Cruz, Bolivia, and end in the northern Chilean ports of Arica and Iquique. The highway would give land-locked Bolivia key maritime access.
"What the presidents want to do is meet in a place that has yet to be determined, probably in Bolivia, and announce a calendar to build and complete this inter-oceanic corridor so that it can be inaugurated reasonably soon," Foxley told journalists in Chile.
Foxley said the presidents, Chile's Michelle Bachelet, Bolivia's Evo Morales and Brazil's Luiz Inácio Lula de Silva, discussed the issue last week during a summit of Latin American leaders.
"Right now we are just trying to co-ordinate the agendas of the three presidents," Foxley said.
Landlocked Bolivia has been claiming the restitution of a strip of land, currently Chilean territory, which it lost during the Pacific war of 1879.
Neighboring Peru and Bolivia allied in an attempt to grab northern Chilean territory but were finally defeated. In retaliation Chile absorbed Bolivia's sea access and a strip of southern territory.
Mercopress