The Chancay-Cosco mega harbour is being built in Peru
Lima - The Chinese state-owned company Cosco Shipping has been building the deep-water port of Chancay on Peru's Pacific coast, around 75 kilometres north of the capital, as the majority owner since 2019. A mega port project costing the equivalent of around 3.3 billion euros as a gateway from South America to Asia. The Chancay hub is set to become the most important container port on the South American Pacific coast as well as an important growth driver for Peru and is part of the Chinese strategic New Silk Road initiative. Cosco has already invested more than 1.2 billion euros in the first construction phase, with more than 80 % of construction work completed. The port is scheduled to open in November 2024, when Peru will host the...
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