Port of Chancay

Last updated
Port of Chancay
Port of Chancay
Click on the map for a fullscreen view
Location
Country Peru
Location Chancay, Peru
Coordinates 11°35′35″S77°16′37″W / 11.593°S 77.277°W / -11.593; -77.277
Details
Opened2024;0 years ago (2024)
Operated by Cosco Shipping Ports Chancay Perú S.A. [1]
Owned by
Flag of the People's Republic of China.svg  China Cosco Shipping Ports
Flag of Peru.svg  Peru Volcan Mining Company
Statistics
Website
coscochancay.pe OOjs UI icon edit-ltr-progressive.svg

The Port ofChancay is a shipping terminal located in Chancay, Peru. It was built by Chinese state-owned shipping and logistics company COSCO Shipping in association with the Peruvian company Volcan. [2] The port is part of the Belt and Road Initiative; and according to Peruvian law, it is considered a private port for public use, granting the operator exclusivity to provide port services. [3]

Contents

The port is located approximately 60 kilometers north of Lima. A total of 3.5 billion US dollars (3.3 billion euros) will be invested in the construction of the port and its facility. [4] Concerns have been raised about the potential dual use of the port. [5] [6] [7]

History

In 2007, former Peruvian Navy Admiral Juan Ribaudo de la Torre conceived the construction of a substantial commercial port south of the historic Chancay Marina, leading to the establishment of the Chancay Harbor Company (CHP), which would supply the necessary land for the project. [8] In 2011, Ribaudo and his business, in collaboration with Volcano Mining Peru, established the company Chancay Port Terminals (TPCH) to advance the port project, encompassing a multipurpose port terminal and a logistics complex. [9] [10]

In 2019, Volcano Mining and COSCO Shipping announced the execution of a commercial partnership agreement to advance the project. The involvement of the Chinese enterprise facilitated the reconstruction and expansion of the project, encompassing new design, engineering development, building, and operation of a substantial port complex, with total expenditure anticipated to reach $3 billion. [11] Following COSCO Shipping Ports' capital infusion, the business acquired a 60% stake in the project, but Peru's Volcano Mining business's ownership diminished to 40%. [12] Also, the company was renamed from Chancay Port Terminals to Cosco Shipping Ports Chancay Perú S.A. [1]

China's Xi Jinping and Peru's Dina Boluarte jointly participated in the virtual inauguration of Chancay port on November 14, 2024 2024-11-14 Xi Jinping and Peruvian President Boruarte jointly participate in the virtual inauguration of Chancay port.png
China's Xi Jinping and Peru's Dina Boluarte jointly participated in the virtual inauguration of Chancay port on November 14, 2024

The first stage of the port was finished by the end of 2024. [13] The port was inaugurated on 14 November 2024 in a ceremony attended online by Chinese leader Xi Jinping and Peruvian president Dina Boluarte, subsequent to the issuance of the directive by the two chiefs of state to commence port operations. [14] Peruvian Foreign Minister Elmer Schialer  [ es ] previously affirmed that the action was taken for "security reasons". [15] [16] Following the directives from the two heads of state for the port's opening, the COSCO Peru vessel and the New Shanghai vessel commenced unloading operations. [17] [ better source needed ]

Capacity

Port of Chancay in 2024 2024-11-15 Port of Chancay, Peru.png
Port of Chancay in 2024

In the first expansion phase, around one million containers can be handled per year. [4]

The port of Chancay possesses significant advantages compared to other ports in the South Pacific: a natural draft of 17.8 meters (58.4 feet) and a strategic geographic position on Peru's central coast, in proximity to the port of Callao, Jorge Chávez International Airport, and the Initiative for the Integration of the Regional Infrastructure of South America, as well as the Central Amazonian Interoceanic Corridor, which is designed to accommodate vessels with capacities exceeding 18,000 TEUs. Similarly, the initial phase will comprise four jetties with a length of 400 meters. [18]

The port project comprises three elements: the port operations zone, designated for embarkation activities. The alternative is the entry complex, which will encompass the vehicle port, entry gate, customs inspection area, administrative offices, logistics and support services area, and the interconnecting tunnel with the Pan-American Highway. The primary operational objective for port construction is to facilitate the transportation of about 1 million TEUs and a total of 6 million cargo items annually. [19]

Business structure and context

China was building the harbour as gate from South America to China due to it`s interest in this resource-rich neighbouring continent. [20] Peruvian mining company Volcan will own a 40% share of the company and COSCO Shipping will hold the remaining 60%. [13] The Peruvian Congress passed a law granting Cosco exclusive use of the port; that's why some people in Peru are controversial about the Chineses-influence. [4]

Port is expected to generate $4.5 billion annually and create 8,000 jobs. [21] The Chancay Industrial Park and the multipurpose port are scheduled for concurrent construction. Both will establish ports and industrial hubs with integrated multi-functionality, encompassing logistics, industrial zones, service and technology complexes, and residential regions. Chancay Park will undergo development in four phases: the initial phase will concentrate on logistics and warehousing, whilst the subsequent phases will emphasize industrial development. The concluding step will entail real estate implementation. [22] [23]

See also

Related Research Articles

<span class="mw-page-title-main">COSCO</span> Chinese shipping and logistics services supplier

China Ocean Shipping Company was a former shipping corporation from 1961 to 2016, owned by the State Council of China. The company merged with China Shipping Group Company to form China COSCO Shipping Corporation in January 2016.

<span class="mw-page-title-main">Broad Front (Peru)</span> Political party in Peru

The Broad Front for Justice, Life and Liberty, or simply Broad Front, is a major political coalition of parties, political organizations, social movements and activist citizens of Peru whose main objective is to consolidate the different leftist, progressive, socialist and communist sectors.

<span class="mw-page-title-main">Alliance for Progress (Peru)</span> Political party in Peru

Alliance for Progress is a Peruvian political party founded on December 8, 2001 in Trujillo by Cesar Acuña Peralta.

<span class="mw-page-title-main">Popular Force</span> Peruvian political party

Popular Force, known as Force 2011 until 2012, is a right-wing populist and Fujimorist political party in Peru. The party is led by Keiko Fujimori, former congresswoman and daughter of former President Alberto Fujimori. She ran unsuccessfully for the presidency in the 2011, 2016 and 2021 presidential elections, all losing by a narrow margin.

COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of COSCO and now part of its successor, COSCO Shipping. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding.

<span class="mw-page-title-main">China–Peru relations</span> Bilateral relations

China–Peru relations are foreign relations between the People's Republic of China and the Republic of Peru. Peru is the first Latin American country that China established formal ties with, which was done by the Qing dynasty in August 1875. Both nations are members of the Asia-Pacific Economic Cooperation and the United Nations.

<span class="mw-page-title-main">Chancay</span> Place in Lima, Peru

Chancay is a small city located 78 km (48 mi) north of Lima. Its population is 63,378. The Chancay culture was a pre-Columbian archaeological culture, later part of the Inca Empire.

<span class="mw-page-title-main">César Villanueva</span> Peruvian politician

César Villanueva Arévalo is a Peruvian politician who was the prime minister of Peru from April 2018 to March 2019, and previously served as prime minister from October 2013 to February 2014. In 2007, he became governor of the San Martín Region. He was sworn in as prime minister by President Ollanta Humala on 31 October 2013, and is affiliated with centre-left parties. In the 2016 general elections, he was elected congressman representing San Martin under the Alliance for the Progress of Peru of César Acuña.

<span class="mw-page-title-main">Purple Party</span> Political party in Peru

The Purple Party is a centrist, liberal, and progressive political party in Peru. The color purple was chosen to represent the blending of red and blue, the colors of left and right-wing parties in Peru, symbolizing the centrist ideology of the party.

<span class="mw-page-title-main">Coslada Dry Port</span>

The Dry Port of Madrid, also known as the Dry Port of Coslada, is a logistics platform for the distribution of goods located in the Spanish municipality of Coslada, near Madrid.

<span class="mw-page-title-main">Daniel Urresti</span> Peruvian politician and officer

Daniel Belizario Urresti Elera is a Peruvian retired army general and politician who served as Minister of the Interior in the administration of President Ollanta Humala from 2014 to 2015, and as a Congressman representing Lima from 2020 to 2021. He is currently serving a sentence of twelve years in prison for the murder of journalist Hugo Bustíos.

<span class="mw-page-title-main">Popular Renewal</span> Political party in Peru

Popular Renewal is a Peruvian conservative political party. Founded in 2020, the party is the successor of the former National Solidarity Party founded and led by former Lima Mayor Luis Castañeda Lossio. Following its poor results at the 2020 snap parliamentary election, leader Rafael López Aliaga announced the party's re-foundation under the Popular Renewal.

<span class="mw-page-title-main">Mesías Guevara</span> Peruvian politician (born 1963)

Mesías Antonio Guevara Amasifuén is a Peruvian politician and engineer. A former member of the Popular Action party, he served as the party's president from 2014 to 2023. He was previously a Congressman, representing Cajamarca between 2011 and 2016 and served as governor of Cajamarca from 2019 to 2022.

<span class="mw-page-title-main">Presidency of Pedro Castillo</span>

The presidency of Pedro Castillo began with his inauguration as the president of Peru on 28 July 2021, the Peruvian Independence Day. In the 2021 Peruvian general election, Castillo, a school teacher and union organizer, won the presidential election against the right-wing candidate Keiko Fujimori of Popular Force by a 45,000 margin in the runoff. In the congressional elections, Castillo's party, Free Peru, did not get a majority in the Congress of the Republic of Peru.

Guillermo Bermejo Rojas is a Peruvian politician. He was elected for the Congress of Peru for the 2021-2026 period.

<i>The Seal: Number 10 from the Street</i> 2020 Peruvian film

The Seal: Number 10 from the Street is a 2020 Peruvian biographical drama film based on the life of soccer player Jefferson Farfán, produced by Lfante Films and distributed by New Century Films, the Peruvian affiliate of Warner Bros. in Peru. It is directed by Martin Casapía Casanova and written by Argentine screenwriters Güido Simonetti and Viviana Negro. It will star Jean Franco Sánchez, Juan Carlos Rey de Castro, Eva Ayllón, Anaí Padilla and Ramón García. The film narrates the life of the soccer player from his childhood on his professional path in the sport until the prelude to the 2018 FIFA World Cup.

Nicola Emilio Porcella Solimano is a Peruvian-Italian reality star, host, actor and retired footballer. After many years of an established career in Peru, he became known in Latin American countries as "El Novio de Mexico" due to his participation in the hit reality show La casa de los famosos México of the TelevisaUnivision conglomerate, in which he won 2nd place as well as the hearts of the audience for his loyalty, and charismatic personality.

President of Peru Dina Boluarte pays a state visit to China to meet with Chinese President Xi Jinping during June 25, 2024 to June 29, 2024. The visit resulted in the signing of a number of China-Peru cooperation agreements, and the two sides expect China to bring more new technologies into Peru and make the cooperation between China and Peru a model of China-Latin America cooperation.

<span class="mw-page-title-main">2024 state visit by Xi Jinping to Peru and Brazil</span>

President of China and General Secretary of the Chinese Communist Party Xi Jinping visited Lima, Peru, at the request of President of Peru Dina Boluarte, to participate in the 31st Informal Asia-Pacific Economic Cooperation Leaders' Meeting and conduct a state visit from November 13 to 17, 2024. At the behest of President Luiz Inácio Lula da Silva of the Federative Republic of Brazil, President Xi also paid a visit to Rio de Janeiro from November 17 to 21 to participate in the 2024 G20 Rio de Janeiro summit and conduct a state visit to Brazil.

References

  1. 1 2 Ojo Público, Redacción (2024-09-08). "Megapuerto de Chancay: la historia detrás de la expansión del hub comercial en Perú" (in Spanish). ojopublico.com. Retrieved 2024-11-27.
  2. ↑ "Peru's 'transformational' Chancay Port opens for business". Global Construction Review. 2024-11-15. Archived from the original on 2024-11-16. Retrieved 2024-11-15.
  3. ↑ "China's Cosco Shipping retains exclusivity over Peruvian megaport following law change". fundacionandresbello.org. 2024-04-18. Retrieved 2024-11-15.
  4. 1 2 3 "Xi weiht chinesisch finanzierten Hafen in Peru ein". tagesschau.de (in German). Archived from the original on 2024-11-15. Retrieved 2024-11-15.
  5. ↑ Tegel, Simeon (2024-09-24). "Inside the Chinese mega-port built in America's backyard". The Daily Telegraph . ISSN   0307-1235. Archived from the original on 2024-11-18. Retrieved 2024-11-18.
  6. ↑ I-chia, Lee (2024-11-17). "Peru's China links put pressure on Taiwan". Taipei Times . Retrieved 2024-11-18.
  7. ↑ Stott, Michael (2024-11-04). "Chinese warships could use Peru's big new port, US general warns" . Financial Times . Retrieved 2024-11-19.
  8. ↑ Llosa, Rafael Belaunde (2023-08-06). "El megapuerto de Chancay: sueño y realidad". Perú 21 (in Spanish). Archived from the original on 2024-05-22. Retrieved 2024-11-18.
  9. ↑ Perú, El Comercio; Perú, Redacción El Comercio (2016-05-25). "Puerto Chancay: Inicia construcción del puerto y área logística". El Comercio (in Spanish). NOTICIAS EL COMERCIO PERÚ. Archived from the original on 2024-05-22. Retrieved 2024-11-18.
  10. ↑ "Volcan adquiere empresa Terminales Portuarios Chancay y busca socio". Asociacion Peruana de Agentes Maritimos (in Spanish). 2016-04-18. Archived from the original on 2024-07-19. Retrieved 2024-11-18.
  11. ↑ "Volcán Compañía Minera S.A.A. y Cosco Shipping Ports Limited suscriben acuerdos societarios para desarrollar el Puerto de Chancay". Plataforma del Estado Peruano (in Spanish). Archived from the original on 2024-05-22. Retrieved 2024-11-18.
  12. ↑ Gestión, Redacción (2019-05-14). "Volcan y Cosco Shipping Ports firman acuerdo para construcción del puerto de Chancay" (in Spanish). NOTICIAS GESTIÓN. Retrieved 2024-11-18.
  13. 1 2 Briceño, Franklin (23 August 2023). "Chinese-backed port project in Peru to be the 'gateway from South America to Asia,' official says". AP News. Archived from the original on 16 May 2024. Retrieved 25 June 2024.
  14. ↑ ISABEL DEBRE (2024-11-16). "Asia-Pacific summit closes in Peru with China's Xi front and center as Trump whiplash looms". ABC News. Associated Press. Archived from the original on 2024-11-17. Retrieved 2024-11-17.
  15. ↑ Acosta, Sebastián (2024-11-01). "Presidente de China no viajará a Chancay para inaugurar megapuerto por "razones de seguridad", según canciller". RPP Noticias (in Spanish). Archived from the original on 2024-11-12. Retrieved 2024-11-18.
  16. ↑ Vega, Renzo Gómez; Bailén, Inma Bonet (2024-11-15). "China consolida su presencia en Latinoamérica con la inauguración en Perú del megapuerto de Chancay". El País América (in Spanish). Archived from the original on 2024-11-16. Retrieved 2024-11-18.
  17. ↑ "习近平同秘鲁总统博鲁阿尔特以视频方式共同出席钱凯港开港仪式_中华人民共和国外交部". 中华人民共和国外交部 (in Chinese). 2024-11-15. Retrieved 2024-11-17.
  18. ↑ "Xi inaugurates South America's first Chinese-funded port in Peru". France 24 . November 14, 2024.
  19. ↑ "Puerto de Chancay recibirá a los buques más grandes del mundo". Diario Oficial El Peruano (in Spanish). 2022-03-11. Archived from the original on 2024-06-23. Retrieved 2024-11-18.
  20. ↑ "China's president unveils a megaport in Peru, but locals say they're being left out". AP News. 2024-11-14. Archived from the original on 2024-11-15. Retrieved 2024-11-15.
  21. ↑ Jarrett Renshaw; Lucinda Elliott; Eduardo Baptista; Trevor Hunnicutt (2024-11-15). "Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China". Reuters. Retrieved 2024-11-18.
  22. ↑ S.A.S., Editorial La República (2024-07-02). "Este mes definirán si venderán en su totalidad el proyecto de Chancay Park en Perú". Diario La República (in Spanish). Archived from the original on 2024-07-17. Retrieved 2024-11-18.
  23. ↑ "Moderno parque industrial cerca del puerto de Chancay generará 20,000 empleos". Noticias (in Spanish). 2023-05-15. Archived from the original on 2023-11-02. Retrieved 2024-11-18.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.