China's Cosco Shipping sees quick resolution to Peru port question (updated)

COSCO SHIPPING Ports

09/04/2024 18:22

(Adds background on dispute in paragraphs 3-4)
       LIMA, April 9 (Reuters) - China's Cosco Shipping
confirmed that investment in Peru's Chancay port continues and
that it expects a quick resolution to a pending question over
exclusivity rights to the facility, a local executive told
reporters on Tuesday.
    Carlos Tejada, the company's general manager in Peru, made
the announcement at an international trade event in the capital
Lima.
        Last month, the Asian shipping firm said it was 
    evaluating the impact
     of a move by Peru's government to annul the exclusivity it
holds over operations at the under-construction megaport, seen
as a key driver of growth for the South American country once
it's completed.
  
        In 2021, Peru awarded exclusivity to Cosco Shipping to
operate the port, but has since said it had identified an
"administrative error" and requested a judicial process to annul
the decision.
  

 (Reporting by Marco Aquino; Editing by Brendan O'Boyle)
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