Chinese-backed port project in Peru to be the 'gateway from South America to Asia,' official says
Chinese-backed port project in Peru to be the 'gateway from South America to Asia,' official says
Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions.
Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions.
The port of Chancay, 60 kilometers (37 miles) north of the Peruvian capital of Lima, will be “the gateway from South America to Asia,” said Mario de las Casas, institutional affairs manager of COSCO Shipping, a Chinese state-owned company that is the majority owner of the project.
De las Casas said the $1.3 billion project will offer a direct route to China with a travel time reduction for ships of 10 days. COSCO officials say ships traveling from South America to China normally take more than 45 days with stops in Central America, Mexico or the United States.
I'm sure that will go just as well as the one in Sri Lanka
Any link you recommend to read about these problems?
Peru going into China's debt in 3..2...1
Peru passing law to nationalise newly built port for national security reasons in 10...9...8...
China read the book "Confessions of an Economic Hitman" and said, "hey, we can do that."
Damn I used to like Peru...
When was your last visit?
Just got back to the states where I can say what I want for the most part. didn't want to respond from Peru (it was my 3rd time!), where I was vulnerable to unfair persecution just in case hehe.
I was expecting the butthurt Americans to show up. I was not disappointed.