Chinese President Xi Jinping took part in the inauguration of a major Beijing-funded port in Chancay, Peru, on Thursday, hailing the US$3.5 billion project as “the birth of a new land-sea passage for a new era”.
In his speech at the megaport’s opening ceremony, the Chinese leader praised the project as “a successful case of Sino-Peruvian cooperation under the aegis of the Belt and Road Initiative”.
Xi said the investment would create a new maritime corridor between China and Latin America, “connecting the great Inca trail and the maritime Silk Road, paving the way for common prosperity for Peru” and other nations in the region.