China's $1.3 Billion Gamble on Peru Port Faces Snags From Andes to Amazon [Yahoo! Finance Canada]
COSCO SHP HLDG UNSP/ADR (CICOY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance Canada
Cashing in on the investment may be harder than expected. Most Read from Bloomberg China's President Xi Jinping and Peruvian President Dina Boluarte officially inaugurated Chancay port during a ceremony at Peru's presidential palace in Lima on Thursday. The move epitomizes Beijing's ambitions to strengthen commerce with South America as the world braces for more restrictive trade measures under US President-elect Donald Trump. Chancay port, about 44 miles north of Lima, is majority-owned and operated by China's Cosco Shipping. While the facility promises to slash travel times for cargo going between China and South America, significant hurdles threaten to diminish its success — especially when it comes to getting goods from Brazil. Simply put, transporting agricultural commodities from Brazil's key growing regions to Peru's west coast requires traversing through the expansive Amazon and crossing over the Andes mountains. And yet, there are few good roads and no rail links conn
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