Peru's Chancay Port, strategically located 70 kilometers north of Lima, is set to open by the end of 2024 as a pivotal part of the Belt and Road Initiative. This multi-purpose port, built by Chinese state-owned COSCO Shipping, is poised to revolutionize trade between Latin America and Asia.
Once operational, Chancay Port will provide Peruvian goods with a direct route to Shanghai, significantly reducing shipping times from 60 days to just 35 days. This enhancement not only boosts efficiency but also strengthens economic ties between the two regions.
Olivia He from CGTN reports that the establishment of Chancay Port marks a significant milestone for regional trade, positioning Peru as a key hub in the expanding global trade network.
Reference(s):
Peru's Chancay mega port to become Latin America's gateway to Asia
cgtn.com
