A $1.3 billion Chinese-funded megaport north of Lima is reshaping Peru's economic landscape, turning the coastal town of Chancay into a vital hub for Asian imports. Local businesses report increased access to affordable wholesale goods, particularly from the Chinese mainland, as the project accelerates trade connectivity between Asia and Latin America.
Residents and entrepreneurs in Chancay highlight the port's role in reducing costs and delivery times for consumer goods, electronics, and industrial materials. Analysts note the project aligns with broader Chinese infrastructure investments in Latin America, fostering cross-regional partnerships while addressing logistical bottlenecks.
The development underscores growing economic ties between Asian economies and South America, offering new opportunities for businesses and investors eyeing trans-Pacific supply chain efficiencies. As construction progresses, stakeholders anticipate enhanced regional trade flows and job creation in Peru's logistics sector.
