Chinese COSCO Shipping Ports disembarks in South America acquiring 60% of the new Peruvian port of Chancay



COSCO Shipping Ports, the terminalista society that is under responsibility of shipowning group Chinese COSCO Shipping, will widen own Network of harbour terminals to the Latin America having had which signed an agreement with the mining company Peruvian Volcan Compañía Minera in order to buy 60% of the capital of the Terminales Portuarios Chancay (TPCH), society integrally controlled from multipurpose the South American company that a new situated port to 80 kilometers to north of Lima and beyond 50 kilometers to north of the port of Callao will construct and manage. The quota will be acquired from COSCO Shipping Ports through branch COSCO Shipping Ports (Chancay) Ltd. for 225 million dollars, with an initial payment of 56 million dollars, while Volcan will maintain the property of remaining 40%.

The first phase of construction of the port, that it will rise on an area of 992 hectares of property of the Terminales Portuarios Chancay, previews the realization of four conventional and rotabili docks, of which two multipurpose for the bulk traffic, goods and two dedicated to the traffic of the container of the annual ability to a million teu. The first phase will be realized on an area of 141 hectares with an investment of 1,3 billion dollars.

The harbour port of call, with depth of the backdrop until -16 meters, will be able to receive great ships. The project, that it is promoted by the communication and Ministry of Transportation of Peru through National Harbour Authority (APN), previews the total realization of 11 docks for the containerized trade and four docks for the other types of cargos.

The agreement between COSCO Shipping Ports and Volcan is signed yesterday to Davos, in Switzerland, in occasion of the Economic World Forum and to the presence of the vice president of the Peruvian Republic, Mercedes Aráoz, and of other authorities of the governments of the South American nation and the Chinese Popular Republic. The construction of the new port will begin this year and, specifying that the project previews a total investment of about three billions of dollars, Peruvian president Martín vzcarra Cornejo, has explained that the scope of this agreement is that to create a hub harbour for the entire Pacific that can place side by side the port of Callao to the aim to improve the harbour offer of all the South American area mail on the western coast of the continent.

The Chinese terminalista society has evidenced that during the last few years the economy of Peru has grown and that in the 2017 containerized trade in the ports of the Latin American nation is piled to 2.540.960 teu regarding 1.523.046 teu in 2010. In the period the total traffic of the goods is gone up by 70,57 million tons in 2010 to the 103,92 million one tons in 2017.