China’ s new mega-port in Peru has raised concerns in the United States. This monumental work is located in Chancay and is expected to be operational by November of this year.
The project has a 60% majority shareholding by the Chinese company Cosco Shipping, part of the Ocean Alliance conglomerate, which handles 39% of global container transport and has a significant presence in port areas China, the Middle East, Southeast Asia, Europe and the Mediterranean.
Chinese megaport in Peru benefits the country and its neighbors
Strategically located 70 km from Lima, the Peruvian capital, this mega-port has required an investment of US$3.5 billion and is already 80% complete. It will also be the first mega-port on the Pacific coast of South America capable of receiving mega-ships.
The impact on trade relations with China will be considerable. It is anticipated that the export time from Lima to Shanghai will be reduced from 40 to only 25 days, also benefiting customers in neighboring countries such as Brazil.
A port that sets off alarm bells in Washington
International media have reported that this situation has generated concern in Washington. According to The Financial Times, the United States expressed concern last year to Peru’s President Dina Baluarte about China’s increasing control of infrastructure in the country.
The Wall Street Journal has also pointed out that the fear is that this will allow Beijing to increase its influence over the region’s resources.
The inauguration of the Chancay mega-port is scheduled to coincide with the Asia-Pacific Economic Cooperation Presidential Summit later this year, an event where Chinese President Xi Jinping is expected to visit.
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Source: elcolombiano
Photo: Shutterstock
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