The highly anticipated Chancay Port has officially opened in Peru, marking a significant milestone in international trade and cooperation. In a virtual inauguration ceremony, Peruvian President Dina Boluarte and China’s President Xi Jinping celebrated the port’s commencement, emphasizing its importance in strengthening ties between the two nations.
As a key project under China’s Belt and Road Initiative (BRI), Chancay Port is set to transform maritime logistics. With its opening, the one-way shipping time between China and Peru is expected to shorten to just 23 days. This reduction not only accelerates trade but is also projected to cut logistics costs by over 20 percent, boosting economic efficiency for businesses on both sides of the Pacific.
Beyond the economic impact, the port is poised to generate over 8,000 direct jobs in Peru each year, providing new opportunities for local communities. The total investment in Chancay Port exceeds $3.5 billion, reflecting a commitment to building a state-of-the-art facility. Notably, Chancay Port is the first smart and green deep-water port in South America, incorporating advanced technologies and sustainable practices.
Local leaders have expressed optimism about the port’s potential. The deputy mayor of Chancay highlighted the excitement among residents, particularly the youth eager for new educational and employment opportunities. “We need technicians, shops, and hotels,” he said, emphasizing the community’s readiness to embrace the changes the port will bring.
The launch of Chancay Port aligns with the theme of this year’s APEC meeting, “Empower, Include, Grow,” serving as a tangible example of this vision. By enhancing connectivity and fostering growth, the port symbolizes a new era of collaboration between Latin America and Asia.
Reference(s):
cgtn.com
