Photo: Peruvian Government.
Peru is on the verge of completing the Chancay Port, an infrastructure project largely funded by Chinese investment and operated by COSCO Shipping. With 98% progress, the port is set to be inaugurated on November 14, coinciding with the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in Lima.
Chinese President Xi Jinping is expected to attend alongside leaders from 21 other economies, marking a significant display of Peru-China cooperation in infrastructure and trade.
Located about 60 kilometers from Lima, the Chancay Port has been constructed with advanced technology, including automated cranes and vehicles for container handling, and is designed to withstand earthquakes up to 8.5 magnitude.
According to Gonzalo Ríos, the port’s deputy manager, the loading and unloading processes will not require direct operators in the port area, as everything will be monitored from an operations center. This represents a significant advancement in port handling efficiency and safety.
With an initial investment of $1.3 billion, the port will feature four berths, an extensive breakwater, and a 1.8-kilometer tunnel for container transport. In its first phase, slated for 2024, the port is expected to handle one million containers annually, reducing shipping time from South America to China by 10 days. This project highlights China's growing influence in the region and reinforces Peru as an important hub for trans-Pacific trade.
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