The Chairman of the People's Republic of China and the President of Peru took part in the opening ceremony of the Chancay megaport, located north of Lima.
The inauguration ceremony for the new deep-sea port of Chancay, which attracted Chinese investment, took place in Peru on Friday, November 15. The event was attended via video link by the country's President Dina Boluarte and Chinese President Xi Jinping. “The opening of the Port of Chancay represents a historic moment for Peru and all Peruvians,” Boluarte said at the ceremony, adding that the megaproject marks the beginning of a transformation that will transform Peru into a “world-class logistics, technology and industrial center.” Xi Jinping, in turn, noted that the opening of the port is a “successful example” of cooperation between China and Peru under the auspices of the “One Belt, One Road” project. According to him, as a result, it will be possible to create a maritime corridor between China and Latin America, “connecting the great Inca Trail and the “Maritime Silk Road of the 21st century” and paving the way for the prosperity of Peru” and other countries in the region.
First Chinese-controlled port in South America Located on Peru's Pacific coast some 80 km north of the capital Lima, the Chancay megaport will be the first logistics hub in South America controlled by China. The share of the Chinese logistics company COSCO Shipping in the project is 60 percent. Total investment - $3.4 billion. The port is expected to serve not only Peru, but also Chile, Colombia, Ecuador and a number of other South American countries, allowing them to bypass ports in Mexico and the United States for trade with Asia. It will be able to accommodate, among other things, the largest existing container ships. The first ship is due to leave the port next week. Previously published in the newspaperEl PeruanoIn the article, the head of the PRC noted that the port of Chancai will reduce the sea route from Peru to China to 23 days and thereby reduce logistics costs by at least 20 percent. The infrastructure project is expected to generate $4.5 billion in annual revenue for Peru and create more than 8,000 jobs.
