US, Chinese and Indian investors eye Peru's $844 million port

what happened

Newsmetry API reported that investors from the US, China and India are interested in a new port planned for southern Peru. The project is estimated to cost about $844 million. Corio is expected to offer greater draft depth than Chancay, a northern Peruvian port operated by China’s Cosco Shipping Ports since late 2024.

Regional governor Rohel Sanchez said several companies had contacted the authorities. He spoke after signing an agreement with the state agency Proinversion to present the project to domestic and international investors. The companies were not identified, while firms from Turkey and the Netherlands have also expressed interest.

Proinversion President Luis del Carpio said Corio could handle general cargo and containers, while leaving open the possibility of shipping copper and other minerals from the area to Asia. In September, the government said China’s Jinzhao would start building a $405 million port in Marcona, in the Ica region, in 2027.

why it matters

The proposal highlights competition for Peru’s port infrastructure and the country’s role as a minerals supplier. Interest from China, the US and India also adds a geopolitical dimension amid Washington’s efforts to limit Beijing’s influence in Latin America.

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