1/12/2024 0 Comments Cosco tracking peruIt subsequently published an investment guide to help Chinese enterprises invest in Latin America. Last year, the Chinese Government arranged a series of ‘Latin America training’ sessions for Chinese businesses, examining the business environment, industrial characteristics and relevant investment policies in the region. The port will be part of an industrial complex that includes a 1,100-ha logistics park at Callao, Peru’s largest container port 78km to the south, meaning both will work in operational tandem.Ĭhina has actively been promoting investments and trade in Latin America. Phase 1 of the port construction in Chancay, 55km north of the capital city Lima, is underway and set to open next year.Īccording to the plans, the developed Chancay port will be able to accommodate the world’s largest container ships, handling up to 1 million TEU annually. It is the Cosco group’s first Deepwater port in Latin America. Plans for the port construction began in 2019, when Cosco Shipping Port bought a 60% stake in Terminales Portuarios Chancay from Peruvian mining group Volcan Compania Minera, a subsidiary of Swiss commodity trading group Glencore, to develop the Chancay port. China expanding supply chains with Peru’s Chancay and Callao Ports to be a Latin American resources hubĬhina’s State-Owned Cosco Shipping, together with China Railway, China Communications Construction Company and China Harbor Engineering Company are planning to invest about US$3 billion to develop the Chancay Container port in Peru, as the Chinese government continues to diversify its global supply chains and continues to invest in Latin America.
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