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Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in ...
Peru's port authority said it hopes to fix an "administrative error" that gave China's Cosco Shipping exclusivity over operations at the new Chancay megaport. The National Port Authority (APN ...
The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal dispute regarding exclusivity rights to a ...
Port of Chancay in 2024. In the first expansion phase, around one million containers can be handled per year. [4]The port of Chancay possesses significant advantages compared to other ports in the South Pacific: a natural draft of 17.8 meters (58.4 feet) and a strategic geographic position on Peru's central coast, in proximity to the port of Callao, Jorge Chávez International Airport, and the ...
Xi Jinping's initial agenda in Peru is the inauguration of Chancay Mega-port, a $1.3 billion megaport, [5] which will prominently showcase China's regional power. [6] Total investment is projected to exceed $3.5 billion during the forthcoming decade. [7] [8] Xi Jinping and Dina Boluarte jointly participated in the virtual inauguration of ...
In 2019, COSCO agreed to build a new the Chancay Mega-port, a deep water port, on the coast of Chancay as part of China's Belt and Road Initiative and in 2022, the China Harbour Engineering Company of China Communications Construction Company agreed to build the complex at 992 hectares (2,450 acres) which includes breakwaters, docks and a 1.8 kilometres (1.1 mi) tunnel to warehouses.
Peru asked a judge to withdraw its request to strip a Chinese state-owned company's exclusive rights to operate a "megaport" it is building on Peru's Pacific coast, sources said on Tuesday ...
President of Peru Dina Boluarte pays a state visit to China to meet with Chinese President Xi Jinping during June 25, 2024 to June 29, 2024. The visit resulted in the signing of a number of China-Peru cooperation agreements, and the two sides expect China to bring more new technologies into Peru and make the cooperation between China and Peru a model of China-Latin America cooperation.