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The megaport’s builder and Chinese and Peruvian government officials say it will supercharge the local and regional economy and reshape global shipping routes. But residents of Chancay, which ...
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 ...
Peru's new megaport is Chinese-built [Reuters] As the world waits to see how the return of Donald Trump will reshape relations between Washington and Beijing, China has just taken decisive action ...
The China-controlled megaport, built by Cosco Shipping Ports and located on Peru's Pacific coast north of Lima, has already drawn $1.3 billion in Chinese investment, with billions more expected as ...
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.
President Xi'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.
A beacon of the change is a new megaport 80 kilometers (50 miles) north of Lima in Chancay. ... It is being built by China's state-owned Cosco Shipping and promises to shorten sea routes to Asia ...
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 ...