Peru's US$3.6bn Chancay megaport set to start operations in November

The first phase of Peru's US$3.6 billion Chancay megaport is on track to start operations in November, when the APEC Summit will be held in Lima.

Demanding US$1.3bn, the first phase registers progress of 86.5%, with various works within the complex having been completed, according to a report Inversiones Portuarias Chancay (IPCH) filed with securities regulator SMV.

IPCH is a spin-off of miner Volcan, which separated its port and mining businesses. The port is being built by Cosco Shipping Ports Chancay Perú (CSPCP), 40%-owned by IPCH and 60%-owned by China's Cosco Shipping Ports.

According to the report, the port's commercial operations will begin in January 2025, with most works registering progress above 80%.

IPCH does not expect delays linked to the operational work area and the entrance complex. It said dredging for the breakwaters and the channel of docks 2, 3 and 4 is finished, while dredging for the basin and channel of dock 1 is 77% advanced.

Regarding breakwaters and beach protection, the crown wall is 97% complete, and practically all accropode blocks have been installed for the primary breakwater. Repairs on the secondary breakwater, required after a wave caused damage, are also finished.

Work on a 1.8km tunnel between the access and the port progressed 81.1%. In May 2023, construction had to be stopped due to a collapse.

“The advance of the tunnel through the entrance portal on the side of the entrance complex is 526m in the right gallery and 453m in the left gallery. At the exit portal of the tunnel on the side of the port operational zone, progress is 875m,” the report said.

Tunnel beneath Chancay district
 Source: Transport and communications ministry