Former Minister of Economy and Finance Alex Contreras participated in the fortieth anniversary of the Faculty of Economic Engineering, Statistics and Social Sciences (FIEECS) of the National University of Engineering (UNI). At the event, Contreras highlighted the importance and magnitude of the economic change that the Chancay megaport.
“The Chancay megaport, which aims to be the most modern in the South Pacific as of its next inauguration in the second half of this year, will generate a change in the economic history of Peru”he indicated the former Minister of Economy Álex Contreras. This ambitious project, almost completed, will not only give China direct access to the Latin market, it will also mean the possibility of Peru accessing the Asian market, the most populated region in the world.
At the same time, he highlighted that “The country is once again betting on industrialization, with policies that advance slowly but surely”; and that more conditions must be created to promote private investment. On the other hand, The former minister advised the creation of “special economic zones that increase our export capacity.”
At the end, the former minister of the Ministry of Economy and Finance (MEF) praised the decision of the National University of Engineering (UNI) to establish the Artificial Intelligence Engineering (AI) degree. He also highlighted the MEF’s ability to address and mitigate the negative impacts caused by the COVID-19 pandemic.
The Chancay megaport: what does the project consist of?
The Chancay Multipurpose Port Terminal is a project located in the district of the same name, in the province of Huaral, Lima region. It is built by the Chinese company Cosco Shipping Ports Chancay Peru (CSPCP) in coordination with the MTC.
The Chancay megaport will be equipped to receive the largest cargo ships in the world, that is, those with a capacity greater than 18,000 containers. The construction of this ambitious project included the demolition of a hill and the excavation of a 1.8 kilometer tunnel, which will provide a direct connection with the Pan-American North Highway.
This complex development is made up of three fundamental parts. The first is the port operational zone, intended for essential port activities. The second part includes the access complexwhich includes the vehicular port, entry gates, an area for customs inspections, administrative offices and logistics and support services areas. The third and last part is the tunnel, which plays a crucial role in the megaport infrastructure.
Chancay Megaport: exclusivity of services
At the beginning of the year, The Port Authority requested to annul the exclusivity granted to Cosco Shipping in the Chancay Megaport. This problem between the authority and the Chinese company in charge of the Chancay Megaport generated concern, not only because of the conclusion of the project, but because of the other investments that the Asian country had planned in Peru.
The National Port Authority (APN) admitted that it does not have the power to grant exclusivity to the Chinese consortium Cosco Shipping Ports in the operation of essential services in the Chancay megaport. Through a statement, the entity indicated that it has initiated a judicial process to correct an “administrative error.” Such a mistake could cost billions of dollars, thousands of lost jobs and the great economic opportunities that this project represents.
What is the progress of the Chancay megaport?
The multipurpose terminal, designed to turn Peru into the main maritime center from the South Pacific to Asia, presents a progress of 74%, according to reported Ismael Sutta, Vice Minister of Transportation. The Ministry of Transport and Communications (MTC) has specified that the tunnel that connects the Chancay Special Zone with the terminal shows “great progress” and is “practically finished.”
On the other hand, Sergio González Guerrero, Minister of Production, explained that the work of the artisanal fishing landing (DPA) of Chancay has an investment of more than 23 million soles and is currently more than 90% complete. The new port and commercial hub that Peru is creating It is designed to generate annual revenues of more than US$10 billion.
Chancay Megaport has three fundamental parts. Photo: Andina
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
