US Edition
Peru Court Ruling Curbs State Oversight of Chinese-Backed Chancay Port
A court ruling limits Peru's transport regulator Ositrán's oversight of Cosco's Chancay megaport, preserving tariff control only via competition authority Indecopi decisions.
- On January 29 the First Constitutional Court of Lima partially upheld an amparo, ordering Ositrán to refrain from oversight powers over Chancay, citing Article 60 of Peru's Constitution.
- The court invoked Article 60, ruling `private property, public use` does not automatically make infrastructure subject to full regulation, as Cosco's counsel Ramiro Portocarrero argued tariff regulation is residual.
- Chancay is a US$1.3 billion deep-water facility about 80 kilometres north of Lima, covering 180 hectares and designed for phased capacity around one million TEUs and large container vessels.
- Ositrán has announced an appeal, and Peru's Comptroller General launched a compliance review into alleged irregularities, increasing litigation exposure and investor concern, analysts say.
- Regulatory exclusion may create asymmetry that undermines competitive neutrality across Peru's port system, and Washington wrote on X it was concerned about Peru's powerless oversight of Chancay, prompting Beijing's sharp rebuke.
13 Articles
13 Articles
The United States expressed its concern this Wednesday over a recent Peruvian court ruling that limits the capacity of the state regulator, Ositran, to oversee the megaport of Chancay, located north of Lima and operated by the Chinese company Cosco Shipping Ports.
readingeagle
By FRANKLIN BRICEÑO LIMA (AP) — The United States expressed concern Wednesday after a Peruvian court ruled that local regulators will be unable to oversee compliance with user rights at a key Pacific port that shortens the distance between South America and China and is majority-owned by a Chinese state-owned enterprise. In a message posted on social media, the State Department said it was “concerned by recent reports that Peru could be left wit…
The U.S. government criticized this Wednesday the ruling of a judge that prevents the Peruvian state from...
The U.S. government criticized Wednesday the ruling of a judge that prevents the Peruvian state from regulating and controlling the private port of Chancay, built by the Chinese state shipping company Cosco.
Peru court ruling curbs state oversight of Chinese-backed Chancay port
A Peruvian court ruling limiting oversight of the Chinese-built Megaport of Chancay has fueled debate over regulatory asymmetry, competition rules and the geopolitical stakes of Beijing's expanding role in South America’s trade infrastructure.
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