Carlos Tejada, deputy general manager at Cosco Shipping Ports Chancay Perú, assured that the parent company of the company that develops the Chancay Megaport is evaluating not continuing with technological and industrial investments in our country after the delivery of the first stage of US$1.3 billion. scheduled for November 2024.
During the session of the Special Commission of the Chancay Project of Congress, where the National Port Authority (APN), Ositran and the Comptroller’s Office were invited to clarify the request for annulment of exclusivity that Cosco Shipping has over the Peruvian terminal, the retired admiral He said that the original project also includes the development of an industrial zone that places Peru in the commercial heart of South America.
“We have focused on the terminal, but the vision of the shareholders was not to build a port, but to contribute to the country by forming a hub in the central area, a large logistics, industrial and technological cluster, where the port was the first component,” stressed Tejada.
Cosco Shipping Ports Chancay Perú is 60% owned by the Chinese company Cosco Shipping and 40% owned by the Peruvian company Volcan. Recently, the APN presented, through the Attorney General’s Office of the Ministry of Transportation and Communications (MTC), a lawsuit before the Judiciary to annul the exclusivity clause, but ruled out that the continuity of the project could be violated.
“We have received communication from the syndicate of banks that gave us the loan and the Cosco subsidiary itself. Behind this first stage of investment, came the technological transfer, a logistics and industrial park, about US$7,000 or US$8,000 million more. Do you think that, with what is happening, betting with this vision will not cause you much concern? It was not a port, it was much more“said the Cosco representative.
During the session, the representatives of APN and Ositran recognized that they did not act in bad faith, but that there is a “legal loophole” in the Law of the national port system – which is more than 20 years old – which prevents them from signing exclusivity agreements. .
However, APN’s statement comes more than 2 years after signing the contract with Cosco. Now, the Peruvian organization – which claimed to have no jurisdiction to grant exclusivity – has three more years to file a contentious administrative action. A statement from Indecopi is also expected.
“I am not a shareholder, but in the meetings we have had, they have mentioned to us that they have serious concerns about continuing to invest in the next stages […] If now APN says that they are not the ones granting exclusivity, I am more worried,” he said.
Source: Larepublica
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