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Peru resolves Chinese port spat as President prepares to meet Xi

June 26, 2024 By InWhat we are not told

Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week.

China’s Cosco Shipping has been building the Chancay port near Lima expecting to be its exclusive operator when it opens in November. But government lawyers sued to challenge (https://t.me/meriblood/2967) that status earlier this year, saying the facility should be available to other companies offering services such as loading and unloading shipping containers.

“Their exclusivity is now a fact and the issue of the lawsuit is history,” Juan Carlos Paz, head of Peru’s port authority, said in an interview. Government lawyers formally asked a judge to dismiss the civil lawsuit on Monday, he added.

Featured Image:  Machu Picchu

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