The China COSCO Shipping Corporation has taken a step closer to beginning work on a $3 billion industrial zone and logistics hub in Peru by concluding a $600 million deal with a Chinese contractor to build the port element.
The tender for the Chancay Port project was won by China Harbour Engineering Company, a subsidiary of China Communications Construction Company. It will work on a multipurpose terminal as well as docks, breakwaters, piers and a 1.8km tunnel connecting the warehouses and the port entrance.
The 992ha complex will be located 67km north of Lima. When complete it will be able to handle 1.5 million twenty-foot-equivalent containers and 6 million tonnes of general cargo a year. The largest port in South America is Colón in Panama, which handles around 4.5 million containers a year.
The port has been dubbed “China’s gateway to Latin America”. Alfonso Rebazza, leader of the Chancay logistics and industrial project, said last year that it would improve links between Asia and the “Capricorn Axis”, a name given to a cluster of countries that includes Bolivia, Uruguay, northern Chile, Colombia, and Ecuador.