China’s $2b Chancay port wants to connect South America’s Atlantic and Pacific coasts, but faces hurdles from the Andes to the Amazon

Source link : https://theamericannews.net/america/peru/chinas-2b-chancay-port-wants-to-connect-south-americas-atlantic-and-pacific-coasts-but-faces-hurdles-from-the-andes-to-the-amazon/

Lima | China has made a $US1.3 billion ($2 billion) bet that a new port in Peru will boost access to South America’s agricultural and mineral bounty – but cashing in on the investment may be harder than expected.

China’s President Xi Jinping and his Peruvian counterpart Dina Boluarte officially inaugurated Chancay port during a ceremony at Peru’s presidential palace in Lima last week, to the side of the Asia-Pacific Economic Cooperation (APEC) summit.

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Bloomberg

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Publish date : 2024-11-16 16:23:00

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Author : theamericannews

Publish date : 2024-11-17 05:43:44

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