MTC concludes controversy with Cosco over Chancay Megaport

MTC concludes controversy with Cosco over Chancay Megaport

The Ministry has already instructed the Attorney General’s Office to initiate the procedures to cancel one of the two processes that are being carried out with the Chinese company that executes the Chancay terminal.

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The Minister of Transport and Communications, Raúl Pérez-Reyes, announced to La República that he has already commissioned the Attorney General’s Office to begin the procedures to terminate the first of the two processes they have with Cosco Shipping, a Chinese firm that executes the Chancay megaport.

In the coming days it will be made official—according to the official, who a few weeks ago acknowledged that “it made no sense” to insist on declaring the exclusivity agreement in favor of Cosco on services at the terminal north of Lima null and void.

It is worth adding that there remains a second process not referring to the exclusivity of the service, but rather to the regulation by the Supervisory Body for Investment in Transportation Infrastructure (Ositran), which is still maintained under the FTA agreements with China and continues. in progress.

Importance of the Chancay Megaport

It is estimated that the direct route from the Chancay Megaport will shorten trade to China by 10 days for shipments from Peru, Ecuador, Brazil, Colombia, Bolivia and Chile.

The terminal north of the capital—which required an investment of US$1.3 billion—will become a concentrating hub for ships with more than 18,000 containers.

Source: Larepublica

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