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China’s Shipping Giant Gets Foothold in South America With New Multipurpose Port in Peru

Summary by Ground News

The New Multipurpose Port Terminal of Chancay is a joint project by the Chinese company COSCO Shipping Ports Limited (CSPL) and the Peruvian company Volcan Compa��a Minera. With an investment budget of over $3 billion, this ambitious project is in the development stage, over 40 percent complete. Construction began in 2011, and the terminal is expected to start operations in the last quarter of 2024.

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China’s Shipping Giant Gets Foothold in South America With New Multipurpose Port in Peru

COSCO’s $3 billion port project in Chancay, Peru, looks to remake logistics in Latin America.

2 years ago·Tokyo, Japan

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The Diplomat broke the news in Tokyo, Japan 2 years ago on Friday, September 29, 2023.

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