COSCO made a huge investment to the international shipping industry!

Monday, June 11, 2018 0 Comment 184 Views 0

It is reported that COSCO will build a port on the Pacific coast of Peru which is worth about 12.8 billion.
It is reported that the port will be located in the town of Chancay, which is 60 kilometers (36 miles) north of Lima, the capital of Peru.  The port was owned by Peruvian miner Volcan before.
The new port of Chancay was established many years ago, and it is expected to open in 2019. On the morning of June 1st (local time), Chinalco held the opening ceremony of the Tromoc expansion project in the Presidential Palace of Peru. Peruvian President, Biscala; Peruvian Minister of Energy and Mines, Francisco Italo; Chinese Ambassador to Peru, Jiagui De; and Chinalco Chairman, Ge Honglin were attended.

In the speech, Ambassador Jia Guixi stated that Chinalco’s investment of 1.3 billion U.S. dollars for the phase II expansion of the Tromoc project will directly or indirectly create 9,000 jobs. The annual production value will reach 1.6 billion U.S. dollars. This is Chinese first large-scale investment project in Peru since the inauguration of President Biscala.

And he said that in the next three years, China will invest 10 billion U.S. dollars in Peru's energy, minerals, telecommunications, construction and financing sectors. He also shows highly confident in the cooperation between China and Peru. Within three years, Chinese enterprises will form a new round of up to US$10 billion in investment trend. The areas of cooperation will cover energy, mining, transportation, communications, infrastructure, and finance.
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