Infrastructure – Peruvian Canadian Chamber of Commerce

Chancay port to be set as a regional hub!

admin — Thu, 14 Nov 2024 02:30:53 +0000

Chancay port to be set as a Regional Hub!

From Shanghai to Chancay? A Peruvian port, which will become the largest on the Pacific coast of South America, is about to change the trade route to Asia from this part of the region.

About 80 kilometers from the port of Callao, which until now was the most important terminal in Peru, the port of Chancay is being built by a company with Chinese and Peruvian capital, and will be inaugurated on November 14.

16 heads of state from the 21 economies that make up the Asia-Pacific Economic Cooperation Forum will be present at the event. The ceremony will take place at the Government Palace, in an effort to guarantee the safety of the dignitaries.

The port of Chancay, with four docks in operation, will have a two-month “white run” and will begin its commercial operations at 100% at the beginning of next year with one of the most modern technologies in the world. It will have electrical and autonomous cranes and vehicles with a centralized management system, which will guarantee a carbon-neutral operation.

The port of Chancay will turn Peru into the regional hub for maritime trade to Asia, and will be Brazil’s natural gateway to Asia through the Pacific.
The new port terminal will reduce the time to transport products from Peru to Asia by approximately 10 days (from 35 to 25 days). Thus, Peruvian products will arrive at more competitive prices to their destination markets, and Peruvian consumers will be able to access products at a lower price.

The president of the Central Reserve Bank (BCR), Julio Velarde, said that the port of Chancay could contribute up to 0.9% of Peru’s gross domestic product (GDP) in 2025, demonstrating all the potential that this port terminal would bring, both for greater dynamism in foreign trade and for attracting investments in different sectors.

The Automotive Association of Peru (AAP) indicated that the launch of the Chancay port would attract large foreign investments from the transportation, logistics and services sectors. Not only will foreign trade benefit, but the execution of these investments will also generate thousands of direct and indirect jobs, revitalizing the economy of Chancay and the entire Peru.

The Chancay port has the potential to significantly influence the automotive sector in Peru, as well as in the entire region, from the import and export of vehicles to the possible installation of assembly plants.

The Government’s position is to promote the establishment of assembly plants in Chancay, mainly for electric cars, to this end it seeks to attract investments from electric car manufacturers and automotive parts and components manufacturing companies.

A necessary condition to promote the installation of electric vehicle assembly plants is the creation of a special economic zone, which would help generate the ideal environment for the development of this industry.

It is also necessary that the entire value chain required for these plants be available.

The presence of assembly plants would stimulate the growth of local suppliers, especially in auto parts and components, forming an ecosystem that could boost, among other things, the creation of a significant number of direct and indirect jobs.

Beyond the automotive industry, interest in the port of Chancay is already translating into the first investments in other sectors.
In recent months, the installation of a San Pablo clinic, the construction of an Aranwa hotel and the inauguration of a Plaza Vea in Chancay have been announced.

There are four global companies interested in investing in Peru, which are related to the technology, logistics, telecommunications and value-added raw material transformation sectors.

“In addition to a port cluster, Chancay will be a technological and logistics cluster.”

The College of Engineers of Peru (CIP) said that the port of Chancay will boost the demand for industrial engineers, who will be crucial in the optimization of logistics processes, supply chain management and the implementation of advanced technologies to improve operational efficiency.

Commercial Opportunities in Peru’s Smart Cities Environment

admin — Thu, 11 May 2023 18:23:15 +0000

Commercial Opportunities in Peru’s Smart Cities Environment

The Embassy of Canada to Peru is pleased to present a webinar on “Commercial Opportunities on Smart Ground Transportation in Peru” to Canadian companies interested in the Peruvian market.

The webinar presents the findings of an EY Peru report commissioned by the Embassy of Canada that explores sub-verticals such as Roads & Bridges, Automobiles & Trucks, Urban Transit/Urban Mobility and Sustainable Road Transportation.

This webinar will showcase key findings and highlight the commercial prospects for Canadian companies with solutions in Intelligent Transport Systems, Artificial Intelligence, Vehicle Electrification, Route Planning, and others.

Peru GRI Infra & Energy 2023 Conference

admin — Thu, 20 Apr 2023 21:48:20 +0000

Peru GRI Infra & Energy 2023 Conference

The second edition of Peru GRI Infra & Energy took place on April 13, and brought together more than 100 infrastructure operators, investors, developers, and experts from the energy, mobility, and infrastructure sector to discuss the future of industry sectors, highlighting points such as project bankability, legal certainty, contractual renegotiation & rebalancing, and new projects.

Topics from the Agenda were developed in an informal and interactive format, with simultaneous discussions allowing all participants to:

Share solutions to the most common challenges in their sectors
Discuss strategic issues for the development of new investment projects
Create new business opportunities with regional and global investors

Among the special guests were:

Paola Lazarte, Minister of Transport and Communications (MTC)
Ernesto Lopez, General Director of Policy for the Promotion of Private Investment of the Ministry of Economy and Finance (MEF)
Alberto Necco, Vice Minister of Transport and Communications (MTC)
Jaime Kuong, Vice Minister of Electricity of the Ministry of Energy and Mines
Raul Garcia Carpio, Advisor to the Executive Director at PROINVERSION
Gabriel Daly, General Manager at CONFIEP
Ivan Lucich, Advisor to the Executive Director at PROINVERSION
Gavin Cook, British Ambassador in Lima

It is important to highlight the presence of Canada, Peru’s bilateral trading partner, with the participation of:

Louis Marcotte, Canadian Ambassador to Peru
Topic: G2G Strategy – How to guarantee efficiency in asset operations?
Success stories on government-to-government agreements and their impact on the population.

Daniel Bermudez Quintana, Regional Manager Andean, Central America & Caribbean at Export Development Canada | Exportation et développement Canada – EDC Colombia
Topic: Fiscal Policy and Economic Environment – What does it mean for investor confidence?

Thibault Mercier, Director, International Business Development at AECON
Topic: Innovation in Transport – What are the alternatives to reduce emissions and promote clean mobility?

Peru at World Water-Tech Summit in London

admin — Wed, 22 Feb 2023 20:24:37 +0000

Peru at World Water-Tech Summit in London

The Director of Project Portfolio of PROINVERSIÓN, Emerson Castro Hidalgo Castro, presented in the United Kingdom the portfolio of water and sanitation projects and the challenges proposed by the Agency, within the framework of the World Water-Tech summit, held in the city of London.

The event, that took place from Feb 21-22, was also an opportunity to exchange experiences and acquire new knowledge in technology and innovation in the sanitation sector. Peruvian government is reshaping the way to engage with companies and projects.
This was possible thanks to an invitation from the Embassy of Peru in the United Kingdom.

Canada interested in PROINVERSIÓN PPP projects

admin — Tue, 21 Feb 2023 20:35:48 +0000

Canada interested in PROINVERSIÓN PPP projects

On February 21, the Canadian ambassador to Peru and Bolivia, Louis Marcotte, reviewed the entity’s portfolio of PPP projects in electricity, health, sanitation, and transportation during the meeting he held with the executive director of ProInversión, José Salardi.

He stated that there is a lot of interest from investors and investment funds in knowing in detail about the projects presented by ProInversión at the February 28 event.

At the meeting, the diplomat commented on the interest in replicating the “Smart Cities” experience in different cities in Peru, for which he requested that ProInversión include the subject in its decentralized technical advice.