Developing Story
Peru's Planned Deep-Water Port (Chancay Alternative)
Peru is promoting a new US$844 million deep-water port in Arequipa, pitched as an alternative to the Chinese-built Chancay port, drawing interest from Chinese, US, Indian and Turkish investors amid broader competition for Latin American infrastructure.
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A planned US$844 million deep-water port in southern Peru's Arequipa region has drawn interest from foreign investors including Chinese, US, Indian, and Turkish companies, as the government begins promoting the project abroad, according to regional governor Rohel Sanchez (SCMP, October 13). The project is being pitched as an alternative to the Chinese-backed Chancay megaport, and signals continued competition among global powers for strategic Latin American infrastructure and port access.