He Chancay Megaport It was officially inaugurated in an important ceremony presided over by President Dina Boluarte and the President of China, Xi Jinping, who arrived in our country to participate in the Asia-Pacific Economic Cooperation Forum (APEC 2024).
The ceremony was held virtually from the Government Palace, complying with the special request of the Chinese delegation due to security measures. In addition, the event included the participation of the ministerial cabinets of both countries, which previously exchanged 14 previously signed cooperation agreements in tourism, economy, agriculture, transportation, energy and mines, culture and education.
“The security of the event involves the closure of streets and we understand the discomfort of some people, but they must understand that, in this case, the safety of the dignitaries takes precedence,” said the Minister of Transportation and Communications (MTC), Raúl Pérez Reyes.
As is known, the Chancay Multipurpose Port Terminal or also called Chancay Megaport, is the product of an investment of 1.3 billion dollars in its first stage and is in charge of the Chinese state company Cosco Shipping (60% shares) and the Volcán mining company (40% of shares).
Mario de las Casas, manager of Institutional Affairs of Cosco Shipping, indicated that the components that make up this mega-work are: the entrance complex, the Port Operational Zone (ZOP) and the tunnel of 1,820 meters long, 14 meters wide, eight meters high and three lanes, which connects them via underground.
What is the importance of the Port of Chancay?
One of the main importance of the port of Chancay lies in its capacity to receive deep draft ships. This will allow the port to handle a considerable volume of cargo, facilitating trade with global markets. The modernization of port infrastructure is crucial to increase Peru’s competitiveness in the international arena, especially in a context where efficient logistics is fundamental for economic development.
In addition, the port of Chancay is designed to be a comprehensive logistics center. This means that it will not only focus on the loading and unloading of goods, but will also include storage, distribution and value-added services areas. This integration of services will facilitate the movement of products, reducing costs and delivery times, which will benefit both exporters and importers.
The port’s economic impact also extends to job creation. It is estimated that the construction and operation of the port will generate thousands of jobs, boosting the local and regional economy. Furthermore, by attracting investment and encouraging the development of related industries, such as manufacturing and logistics, the port of Chancay will contribute to diversifying the Peruvian economy and reducing dependence on traditional sectors.
Finally, the port of Chancay has the potential to improve the country’s connectivity. By facilitating access to international markets, new opportunities will open for Peruvian products, from food to textiles. This will not only benefit companies, but will also contribute to the growth of tourism and the promotion of Peruvian culture abroad.
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