Cosco Shipping Port reportedly plans to invest around US$3 billion to build a container port in Peru, as the Chinese government advances the Belt and Road initiative to South America.
Phase 1 of the port construction in Chancay, 55km north of the capital city Lima, is underway and set to open in 2023.
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...
https://container-news.com/cosco-to-invest-us3-billion-in-new-peruvian-port/