A US$3 billion megaport in Peru seen as a new gateway to Asia is on track to open four of its 11 berths in 2024, offering a faster Pacific Ocean route to China for sea cargo from this part of Latin America.
Global chain transport challenges, the war in Ukraine, and following two years of lockouts caused by the Covid 19 pandemic have caused many disruptions to normal trade and China has thus embarked in a major project building a new port along the Peruvian coast to help boost trade along the Pacific rim.