Chancay Port: A Symbol of Cooperation and Growth in Peru
For Gonzalo Rios, Chancay Port in Peru is more than just a workplace; it represents dedication and commitment. Since joining the port in 2019, Rios has witnessed its development from construction to installation and has been deeply involved in every phase of the project. He recalls the opening ceremony, highlighting the meticulous planning and dedication that went into making it a success.
A Flagship Project under the Belt and Road Initiative
The port, a flagship project under China’s Belt and Road Initiative (BRI), was inaugurated on November 14 by President Xi Jinping and his Peruvian counterpart, Dina Boluarte, via video link. The port, located about 80 kilometers north of Peru’s capital, Lima, is expected to become a major logistical hub for South America, generating $4.5 billion in annual revenue and creating over 8,000 jobs. Rios, now the deputy general manager of the port, emphasizes the successful collaboration between Chinese and Peruvian teams, praising the Chinese team’s structure and thoroughness alongside the Peruvian team’s adaptability and creativity.
Boosting Trade and Connectivity
On November 25, the Xin Shanghai vessel departed from Chancay Port, carrying the first shipment of goods destined for Shanghai. Previously, shipping routes from South America to China often took detours, resulting in delivery times of 33 to 43 days. Thanks to Chancay Port, the journey to Shanghai has been reduced to just 23 days.
The vessel arrived at Shanghai’s Yangshan Port on December 18, carrying produce including blueberries, avocados, and grapes to be distributed to consumers across China. Alana Camoca, a professor of political science and international relations at Rio de Janeiro State University, highlights the port’s significance for Latin America, particularly in terms of trade and infrastructure.
Aligning with Development Goals
The BRI, launched in 2013, aims to enhance global connectivity and promote economic cooperation. It aligns with Peru’s development goals and the needs of other South American countries. Chancay Port is just one example of the BRI’s transformative impact.
The BRI’s Global Reach: Uzbekistan and Africa
Similar efforts are underway in Uzbekistan, where PowerChina engineers are working on a power transmission project to deliver electricity from the Syrdarya thermal power plant to the Zafarabad substation. This project, involving building 220kV transmission lines, prioritizes environmental conservation during construction.
The BRI’s influence extends to Africa, where it has financed the construction of roads, railways, ports, and bridges, improving infrastructure and supporting economic development. China has also provided loans for debt repayment assistance, alleviating Africa’s financial pressure and fostering sustainable growth.
Transforming Trade and Connectivity
The BRI has significantly improved infrastructure and trade connections. In the first 10 months of 2023, trade between China and its BRI partner countries reached 16.94 trillion yuan, demonstrating the initiative’s tangible economic impact.
Looking Ahead: A Brighter Future
As Rios and his team at Chancay Port continue to build upon its success, the BRI remains committed to connecting the world through infrastructure development and economic cooperation. From Peru to Uzbekistan to Africa, the BRI continues to bring prosperity and growth to nations worldwide.