Peru governor touts Chinese interest in deep-water port pitched as Chancay alternative
A planned US$844 million port in southern Peru has drawn interest from several foreign investors, including Chinese companies, a regional governor said on Monday, as the government began promoting the project abroad. “Several companies have approached us. We have investors from the US, China and India who are very interested,” Rohel Sanchez, the governor of Arequipa, told reporters after signing…
A planned US$844 million deep-water port in southern Peru, dubbed Corio, has caught the attention of numerous foreign investors, including Chinese companies, according to Rohel Sanchez, the governor of Arequipa. The governor announced the interest of US, Chinese, and Indian firms during a press conference after signing an agreement with the state investment agency Proinversion.
Additionally, regional officials have been promoting the port's potential to handle copper exports from the region to Asia. The proposed terminal boasts a capacity of around 2 million tonnes per year, significantly lower than the initially claimed US$7 billion hub, which could process 100 million tonnes annually. As the project advances, Proinversion now needs to establish tender rules and identify a suitable operator to finance, construct, and manage the terminal.
Written by urgent.news from Reuters Business via SCMP's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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