Chancay is a small city located 78 km (48 mi) north of Lima . Its population is 63,378. The Chancay culture was a pre-Columbian archaeological culture , later part of the Inca Empire .
16-590: The small city is the site of the Chancay Mega-port , a deep water port built by China as part of its Belt and Road Initiative . The port begin operations in November 2024, speeding shipment of resources from Peru to China. The town and its associated valley lend their name to the historic Chancay culture which covered an area centered mostly in the Chancay and Chillón valleys. The modern settlement
32-424: A 60% stake in the project, but Peru's Volcano Mining business's ownership diminished to 40%. Also, the company was renamed from Chancay Port Terminals to Cosco Shipping Ports Chancay Perú S.A. The first stage of the port was finished by the end of 2024. The port was inaugurated on 14 November 2024 in a ceremony attended online by Chinese leader Xi Jinping and Peruvian president Dina Boluarte , subsequent to
48-497: A deep water port, on the coast of Chancay as part of China 's Belt and Road Initiative and in 2022, the China Harbour Engineering Company of China Communications Construction Company agreed to build the complex at 992 hectares (2,450 acres) which includes breakwaters , docks and a 1.8 kilometres (1.1 mi) tunnel to warehouses. The first dock was expected to open in early 2023 and when finished,
64-551: A substantial commercial port south of the historic Chancay Marina, leading to the establishment of the Chancay Harbor Company (CHP), which would supply the necessary land for the project. In 2011, Ribaudo and his business, in collaboration with Volcano Mining Peru , established the company Chancay Port Terminals (TPCH) to advance the port project, encompassing a multipurpose port terminal and a logistics complex. In 2019, Volcano Mining and COSCO Shipping announced
80-596: Is a stub . You can help Misplaced Pages by expanding it . Chancay Mega-port The Port of Chancay is a shipping terminal located in Chancay , Peru. It was built by Chinese state-owned shipping and logistics company COSCO Shipping in association with the Peruvian company Volcan . The port is part of the Belt and Road Initiative ; and according to Peruvian law, it is considered a private port for public use, granting
96-497: Is the exclusive operator and user of the port, unless Peru is successful in negotiating that others may use the port. China wants to speed the travel time of resources like copper from Peru to ports in China, and this port is anticipated to take 10 days off the shipping time. Concerns have risen internationally about possible use of the port as a Chinese military base. Concerns have also been raised about reparations for damaging effects of
112-433: Is to facilitate the transportation of about 1 million TEUs and a total of 6 million cargo items annually. China was building the harbour as gate from South America to China due to it`s interest in this resource-rich neighbouring continent. Peruvian mining company Volcan will own a 40% share of the company and COSCO Shipping will hold the remaining 60%. The Peruvian Congress passed a law granting Cosco exclusive use of
128-790: The South Pacific: a natural draft of 17.8 meters (58.4 feet) and a strategic geographic position on Peru's central coast, in proximity to the port of Callao , Jorge Chávez International Airport , and the Initiative for the Integration of the Regional Infrastructure of South America , as well as the Central Amazonian Interoceanic Corridor , which is designed to accommodate vessels with capacities exceeding 18,000 TEUs. Similarly,
144-441: The complex will accept up to 1.5 million twenty-foot equivalent unit intermodal containers and 6 million tons of cargo annually. The port of Chancay began operation in November 2024 and was formally opened by Chinese President Xi Jinping . Several observers, as noted in the references, are concerned that the port area is owned by China not by Peru and that the port is private, not public like other Peruvian ports. COSCO Shipping
160-574: The construction in nearby areas, particularly from a tunnel that is part of the port complex. Until the build of the harbour the main economy was fishng by local fishermen. Since the harbour was built locals complain of smaller catches. The dredging of the port, which sucked sediment from the seabed to create a shipping channel 17 meters (56 feet) deep has affected fish breeding grounds, according to locals. 11°33′55″S 77°16′17″W / 11.56528°S 77.27139°W / -11.56528; -77.27139 This Lima Region geography article
176-469: The execution of a commercial partnership agreement to advance the project. The involvement of the Chinese enterprise facilitated the reconstruction and expansion of the project, encompassing new design, engineering development, building, and operation of a substantial port complex, with total expenditure anticipated to reach $ 3 billion. Following COSCO Shipping Ports ' capital infusion, the business acquired
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#1732773073440192-550: The initial phase will comprise four jetties with a length of 400 meters. The port project comprises three elements: the port operations zone, designated for embarkation activities. The alternative is the entry complex, which will encompass the vehicle port, entry gate, customs inspection area, administrative offices, logistics and support services area, and the interconnecting tunnel with the Pan-American Highway . The primary operational objective for port construction
208-674: The issuance of the directive by the two chiefs of state to commence port operations. Peruvian Foreign Minister Elmer Schialer [ es ] previously affirmed that the action was taken for "security reasons". Following the directives from the two heads of state for the port's opening, the COSCO Peru vessel and the New Shanghai vessel commenced unloading operations. In the first expansion phase, around one million containers can be handled per year. The port of Chancay possesses significant advantages compared to other ports in
224-410: The operator exclusivity to provide port services. The port is located approximately 60 kilometers north of Lima . A total of 3.5 billion US dollars (3.3 billion euros) will be invested in the construction of the port and its facility. Concerns have been raised about the potential dual use of the port. In 2007, former Peruvian Navy Admiral Juan Ribaudo de la Torre conceived the construction of
240-621: The port; that's why some people in Peru are controversial about the Chineses-influence. Port is expected to generate $ 4.5 billion annually and create 8,000 jobs. The Chancay Industrial Park and the multipurpose port are scheduled for concurrent construction. Both will establish ports and industrial hubs with integrated multi-functionality, encompassing logistics, industrial zones, service and technology complexes, and residential regions. Chancay Park will undergo development in four phases:
256-405: Was founded in 1562 under the name of Villa de Arnedo . The main activity in Chancay these days is as a tourist resort for nearby Lima . The main attraction is El Castillo, a faux castle, recently repaired but constructed in the nineteenth century. There is a small museum in the castle displaying Chancay culture pottery and mummies. In 2019, COSCO agreed to build a new the Chancay Mega-port ,
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