The Ministers and/or their delegates who make up the South American Infrastructure and Planning Council (COSIPLAN), under the Union of South American Nations (UNASUR), met on June 18, 2010, in the city of Quito, Ecuador, upon the request of the UNASUR Presidency Pro Tempore held by Ecuador.

During the meeting, chaired by the Ecuadorian Minister for Coordination of Strategic Sectors, Mr. Jorge Glas, a brief presentation of the progress made by the UNASUR and its Councils was delivered, and the draft Statutes and Regulations of the COSIPLAN were read out and subsequently approved by the participants.

Pursuant to these documents, the Initiative for the Integration of Regional Infrastructure in South America (IIRSA) will support the Council in its capacity as a technical forum for South American infrastructure planning issues, ensuring the continuity of the work done by IIRSA throughout its ten years of existence.

One of the principles of the COSIPLAN is the integration and complementarity of the regional infrastructure policies, programs, and projects encouraging territorial balance and cohesion as well as sustainable development in harmony with nature, and one of its objectives is to develop infrastructure for the integration of the region, recognizing the achievements and progress made by IIRSA.