The multi-purpose port of Chancay, built by the Chinese state-owned company Cosco Shipping, has been officially inaugurated in Peru. As South America’s largest and most modern port, equipped with cutting-edge technology, it has attracted global attention in recent days.
Located approximately 80 kilometers north of Lima, the Chancay Port is poised to become a key logistics hub connecting Asia and Latin America. With its strategic location on the Pacific coast, the port is expected to significantly enhance trade and economic ties between the two continents.
Government Officials Hail the Milestone
Peruvian government officials have lauded the inauguration of the port as a significant step towards boosting the nation’s economy. “The Chancay Port will not only create jobs but also position Peru as a pivotal player in global trade,” said a spokesperson from the Ministry of Transport and Communications.
Industry Experts Highlight Economic Impact
Industry experts believe the new megaport will streamline supply chains and reduce shipping times. “By providing a direct maritime link to Asian markets, Chancay Port will lower logistics costs and improve competitiveness for Peruvian exporters,” noted an economist specializing in international trade.
Businesses Anticipate Enhanced Connectivity
Local businesses are optimistic about the opportunities the port presents. Agricultural exporters, mining companies, and manufacturers expect improved access to international markets. “This port opens doors for us to reach new customers in Asia more efficiently,” stated the director of a leading agricultural export firm.
Global Significance
The inauguration of Chancay Port marks a significant development in global shipping infrastructure. As a state-of-the-art facility with advanced technological capabilities, it underscores the growing economic collaboration between Peru and China.
Reference(s):
cgtn.com
