The Chancay Port Project, situated 80 kilometers north of Lima, has established a revolutionary deep-water maritime logistics hub along South America’s Pacific coastline.
This mega-infrastructure development complements major regional maritime investments, including the newly approved San Antonio Port Expansion, which highlights rising capital commitments toward modernizing Pacific container terminal capacity across Latin America.
Also read: San Antonio Port Expansion: Chile Upholds $4B Environmental Approval
State officials and private terminal developers confirmed that the deep-sea facility streamlines transpacific trade corridors by providing direct 23-day container shipping routes to Shanghai.
Joint venture developer COSCO Shipping Ports Chancay Perú oversees the multi-stage infrastructure buildout. Phase One investments of $1.3 billion deliver four deep-water berths, automated quay cranes, and an 1.8-kilometer dedicated freight tunnel to move heavy container traffic away from local municipal roads.
Energy planners and logistics directors expect the terminal complex to absorb regional transshipment cargo from neighboring South American markets.
The project’s ownership
The port is 60% controlled by the Chinese state-backed shipping and logistics company Cosco Shipping. The remaining 40% is held by the Peruvian mining company Volcan. According to Cosco, $1.3 billion of the $3.6 billion construction cost has already been committed to the initial phase.
Utilizing Peru’s strategic location as a hub for commerce with Asia, the port also aims to attract South American nations. This was according to Gonzalo Rios Polastri, the deputy general manager of Cosco Shipping Ports Chancay Peru as well as a former admiral. It is anticipated to operate as a development engine for a number of industries.
With its wave breakers, the port, which occupies 280 hectares, required a significant amount of concrete. The entire number of concrete used to build each of these wave breakers could be enough to build twenty 10-story buildings. They plan to safeguard a 1.5-kilometer dock stretch. This stretch is capable of holding some of the largest cargo vessels in the world.
Project Fact Sheet
Name: Chancay Multipurpose Port Terminal Project (Puerto de Chancay).
Type: Deep-Water Container & Multipurpose Terminal Construction, Industrial Logistics Park & Subterranean Freight Tunnel.
Location: Chancay, Huaral Province (Lima Region), Peru.
Total investment: Estimated $3.6 Billion Total Project Pipeline ($1.3 Billion Phase One).
Developer: COSCO Shipping Ports Chancay Perú S.A. (Joint venture between COSCO Shipping Ports Limited – 60% and Volcan Compañía Minera – 40%).
Status: Active Operations & Phase 2 Expansion Infrastructure Phase.
Construction employment: Generated over 1,500 direct civil engineering jobs and 7,500 indirect logistics roles.
Permanent employment: Supports over 8,000 direct operational, maritime agency, and logistics park positions.
Timelines and production targets: Phase One handles 1 million TEUs and 6 million metric tons of general cargo annually; target buildout scales to 15 berths.
Technology integration: Automated Rail-Mounted Gantry (RMG) Cranes, Smart Gate OCR Identification, 5G Industrial Network, Subterranean Freight Transport SCADA Systems.
Raw material supply: High-strength structural marine concrete, armor rock for breakwaters, structural steel piles, and underground tunnel liners.
Economic impact: Shortens direct South America-to-Asia shipping transit times by 10 to 15 days, cuts regional logistics costs, and generates up to $4.5 billion in annual economic value.
Key infrastructure needs: 1.8km Subterranean Freight Tunnel, 1,500m Outer Breakwater, 17.8m Deep Channel Dredging, Automated Container Yard.
Delivery risks: Coastal erosion management, local traffic integration, urban boundary growth surrounding port entrance complex.
Primary target markets: Transpacific Container Lines, Peruvian Agricultural & Mining Exporters, Regional South American Transshipment Freight.
Project Team
Project Client & Lead Developer: COSCO Shipping Ports Chancay Perú S.A.
Parent Equity Partners: COSCO SHIPPING Ports Limited (60%) & Volcan Compañía Minera S.A.A. (40%)
Primary EPC Construction Contractor: China Harbour Engineering Company (CHEC) / CCCC4TH Consortium
Port Authority & National Regulators: Autoridad Portuaria Nacional (APN) & Ministry of Transport and Communications (MTC, Peru)
Local Stakeholders: Regional Government of Lima & Municipality of Chancay
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