Sharing Chinese and Peruvian visions about the future Chancay port: exploring opportunities under the Belt and Road Initiative

Abstract

Chancay port is the largest Chinese investment in the Latin American port network. This mega infrastructure of U$ 3 billion by the Chinese firm COSCO Shipping Ports aims to generate transformations in the South American shipping network and become a hub for Chinese containerized exports along the continent. However, while the investors have clear objectives, Peruvian authorities still lack strategies for taking advantage of this deep-sea port hub that would receive the latest generation of container ships from Asia. Based on a context of radical transformations in the global shipping networks and the opportunities emerging from the Belt and Road Initiative, this study contributes to the exchange of the current Chinese and Peruvian visions about the future of the Chancay port, aiming to help authorities and economic leaders to orient significant transformations in the transpacific maritime corridor in benefit of both countries.