Reported 7 months ago
Peru is presenting a new port project to US investors as a strategic move against China's growing maritime influence in South America. The $1.3 billion Chancay port, led by China's Cosco Shipping, has sparked concerns among US officials about Chinese investments overshadowing American interests in Peru. In response, Peru aims to position its Corio port project as a potential regional trade hub, emphasizing its proximity to lithium producers like Chile and Bolivia for electric vehicle demand. Ambassador Alfredo Ferrero is actively promoting the Corio port to attract private investments, hoping that American investors will consider participating in this initiative.
Source: YAHOO