The construction of the Chinchero International Airport (Cusco) risks being paralyzed again due to disagreements between the Ministry of Transport and Communications (MTC) and the contractor Consorcio Natividad Chinchero. Yesterday, The MTC reported that the addendum was signed to advance S/40 million to Natividadalthough this money does not come from the US$193 million that the […]
Tag: TCM
Congressman Arriola after approving changes to the Port Law: “I don’t even know what I’m voting for”
Despite the great attention that the Chancay Megaport case has attracted in recent weeks, Congressman José Arriola Tueros admitted “not knowing what he is voting for” during the approval of bill 7141, which modifies the National Port System Law . During the presentation of the initiative by Congressman José Cueto in the Congressional Transportation Commission, […]
Cosco demands compliance with the FTA with China in the contract signed by the Port of Chancay
Cosco Shipping Ports Chancay Peru has asked the Peruvian Government to consider the commitments signed in the Free Trade Agreement (FTA) with China to justify the exclusive use of essential services in the Chancay Megaport, a guarantee that was granted three years ago through the Agreement Directory No. 0008-2021-APN-DIR of the National Port Authority (APN). […]
MTC announces removal of the president of APN after controversy over the Chancay Megaport
Before the Congressional Oversight Commission, Minister Raúl Pérez Reyes reported that in the coming days the resolution with the name of Walter Tapia’s replacement will be published. Price of the dollar in Peru today: what is the exchange rate for this Friday, April 5 S/500 bonus in April 2024: check the requirements and how to […]
Port of Chancay: Executive decides to take the longest route to resolve controversy
In November 2023, the National Port Authority (APN), aware of the legal vacuum to give exclusivity to Cosco Shipping of the intermediate services that the Chancay megaport, worked and presented a bill to provide the relevant legal framework. This PL, according to sources close to the project, was sent to the archive by the governing […]
Chinchero Airport: tension paralyzes works
Chinchero airport with a gray future. Yesterday, in the emblematic district of Cusco, the decentralized session of the Congressional Transportation and Communications Commission and, after several hours of debate, an injection of S/40 million was barely agreed in favor of the Natividad Consortium, in charge of the execution of the terminal – which will receive […]
New megaport in Ica valued at 400 million: what is the progress of the project?
The Peruvian Private Investment Promotion Agency (Proinversión) has granted Terminal Portuario Jinzhao Perú SA, a subsidiary of the mining company Jinzhao Perú belonging to the Chinese conglomerate Zhongrong Xinda Group, the responsibility of carrying out the development of the New Port Terminal of San Juan de Marcona in Ica, with an estimated investment in US […]
Government approves new debt of US$300 million with the IDB to finance road works
The Peruvian Government published Supreme Decree No. 043-2024-EF, which approves the foreign debt operation of up to US$300 million with the Inter-American Development Bank (IDB), within the framework of Law No. 31640, Peruvian Debt Law. Public Sector for Fiscal Year 2023. The US$300 million are intended to partially finance the “Road Infrastructure Program for Regional […]
Cosco Shipping responds to the MTC: lawsuit affects the legal stability of investments
The Chinese firm questions the actions of the national authority, three years after reaching the agreement to move more than US$1.3 billion in the first stage of the port. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Tuesday, March 26 AFP Retirement LIVE […]
Chinchero Airport will only open in 2027
The Chinchero International Airport was officially scheduled to be delivered in mid-2025; However, its managers acknowledged before the Congressional Transportation Commission that the date would not be met. Donald Castillo Gallegos, general director of Civil Aeronautics of the Ministry of Transport and Communications (MTC), points out that the airport has a progress of 12% as […]