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Chancay port of Peru
January 27 , 2024
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- The $3.5 billion deep water port in the Peruvian fishing town of Chancay will be the first controlled by China in South America.
- It is a part of China’s Belt and Road Initiative
- It will provide the Asian nation a direct gateway to the resource-rich region.
- The Chancay mega port aims to turn Peru into a strategic commercial and port hub between South America and Asia.
- Some 150 countries have signed on to the Belt and Road with China, including 22 in Latin America.
- Peru is the world’s no. 2 copper producer, traded slightly more with the U.S. than China.
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