Chancay Megaport Magnifies China's Presence In South America
Chancay Megaport Magnifies China's Presence In South America . (MENAFN - Asia Times) 

The new deep-water seaport at Chancay, north of Lima, is open for business, signaling the start of a new era of efficient, high-capacity shipping between China and Peru, with ...
América - MenaFN
(MENAFN- Asia Times) The new deep-water seaport at Chancay, north of Lima, is open for business, signaling the start of a new era of efficient, high-capacity between China and Peru, with a connection to Brazil across the Andes. This is driving US military and strategic planners up the wall, but they have nothing comparable to offer and no way to stop it.

Meanwhile, Caltrain, the railway service operating between San Jose and San Francisco, has sold its old diesel trains to the city of Lima. Caltrain itself has gone electric.

Chinese President Xi Jinping joined Peruvian President Dina Boluarte for the seaport's inauguration ceremony on November 14, participating via video link from the Government Palace in Lima. Xi was also there to attend the annual APEC (Asia-Pacific Economic Cooperation) summit meetings, which began the following day.

Waxing poetic, Xi called the Chancay project“a starting point to forge a new maritime-land corridor between China and Latin America and connect the Great Inca Trail.”

Built by COSCO (China Ocean Shipping Company) and Peruvian mining company Volcan over the past three years, Chancay port has a maximum depth of 17.8 meters, deeper than Peru's main port of Callao. This will allow it to handle the world's largest container ships.

Financed by Chinese banks, with total investment exceeding $3.5 billion, Chancay is 60%-owned by COSCO. More than 8,000 jobs are expected to be created. Annual revenue is projected to reach $4.5 billion.

Starting at 1 million TEUs (twenty-foot equivalent units), the port's annual throughput is scheduled to rise to 3.5 million TEUs when all the facilities are completed, making it the premier deep-water port on the west coast of South America.

A warehousing, industrial and commercial park next to the port will serve both foreign investors and overspill from the crowded Lima-Callao area. BYD is said to be interested in building an auto assembly plant there.

By eliminating trans-shipment via Manzanilla, Mexico, or Long Beach, California, Chancay should reduce transport time to and from China by more than a third, from 35 to 23 days, while reducing total logistics costs by an estimated 20%. Chancay is more than 4,500 km from Manzanilla and more than 6,600 km from Long Beach.

Chancay port is fully-automated, equipped with unmanned cranes fabricated by Shanghai Zhenhua Heavy Industries (also known as ZPMC), driverless electric container trucks made by SAIC Motor, and 5G wireless control equipment from Huawei. All of the important equipment is from China. Engineers travel around the port in BYD pickups.

The port is connected to the north-south Pan American Highway and from there to Brazil via the Southern Interoceanic Highway, which runs through Cuzco, Porto Velho in the upper Amazon basin, and all the way to Sao Paulo and Porto de Santos on the Atlantic coast.

According to Xi,“We are witnessing not only the solid and successful joint implementation of the Belt and Road Initiative in Peru, but also the birth of a new land-maritime corridor between Asia and Latin America and the Caribbean in a new era,”
Jordania
2024-11/26/AT_3e4f2image_story.png
https://menafn.com/1108929768/Chancay-Megaport-Magnifies-Chinas-Presence-In-South-America
2024-11-26
rss
(MENAFN - Asia Times) 

The new deep-water seaport at Chancay, north of Lima, is open for business, signaling the start of a new era of efficient, high-capacity shipping between China and Peru, with ...
Chancay Megaport Magnifies China's Presence In South America