China's New Megaport in Peru Challenges US Influence in South America

The $3.5 billion Chancay port, nearing completion, could shift trade dynamics and resource control in the region.

China's Cosco Shipping is constructing a deep-water port in Chancay, Peru, set to open later this year.
The port will enable direct shipping routes between South America and Asia, reducing transit times significantly.
US officials express concerns over China's growing influence and potential control over South America's resources.
Peru is seeking to balance Chinese investments by attracting US interest in developing a second port.
The Chancay port is part of broader Chinese infrastructure investments in Latin America, including mining and telecom projects.