Background on the Chancay Port Project and its Significance
The first phase of the Chancay Port in Peru, set to finish its construction by late November 2024, has completed its testing phase and is expected to commence commercial operations by the end of this week. This development was confirmed by Juan Carlos Paz, President of the National Port Authority (APN). Paz announced that APN plans to issue the operating license for the multi-purpose Chancay terminal to Cosco Shipping Ports Chancay on June 1st.
Key Players and their Roles
Juan Carlos Paz, as the President of APN, plays a crucial role in overseeing the Chancay Port project. His confirmation of the port’s readiness for commercial operations marks a significant milestone in the development of this infrastructure.
Cosco Shipping Ports Chancay, the entity responsible for managing the terminal, is a subsidiary of COSCO SHIPPING, one of the world’s largest shipping companies. Their involvement in the Chancay Port project underscores the growing importance of Peru’s strategic location along the Pacific coast, facilitating international trade and fostering economic growth.
Regulatory Context and Tariff Regulation
The APN is currently formulating a tariff proposal that will enable the Organismo Supervisor de la Inversión en Infraestructura de Transporte de Uso Público (Ositrán) to initiate a process for setting tariffs on certain services provided by the Chancay Port. The National Institute of Competition and Intellectual Property, at Ositrán’s request, determined that there are no competitive conditions between the Callao and Chancay ports. Consequently, Ositrán aims to regulate specific container services offered by the Chancay Port.
Key Actions and Timeline
- Completion of Construction: The first phase of the Chancay Port is expected to finish construction by late November 2024.
- Testing Phase Completion: The port has successfully completed its testing phase, also known as the marcha blanca.
- Operating License Issuance: APN President Juan Carlos Paz confirmed that Cosco Shipping Ports Chancay will receive its operating license on June 1st.
- Tariff Regulation Initiation: APN is formulating a tariff proposal to allow Ositrán to establish tariffs for specific port services.
Key Questions and Answers
- Who is involved in the Chancay Port project? The National Port Authority (APN) and Cosco Shipping Ports Chancay, a subsidiary of COSCO SHIPPING, are key players in this project.
- What is the significance of the Chancay Port project? The port’s strategic location along Peru’s Pacific coast will facilitate international trade and contribute to economic growth.
- What regulatory steps are being taken regarding the Chancay Port? The APN is formulating a tariff proposal, and Ositrán will establish tariffs for certain port services following the National Institute of Competition and Intellectual Property’s determination that there are no competitive conditions between the Callao and Chancay ports.
