A Lima appeals court has granted Peru’s state regulator full oversight authority over the Chancay port, marking a significant escalation in the legal and political challenges facing the Chinese state-owned operator COSCO.
The ruling, reported by The Rio Times, represents the second major courtroom defeat for the company in a single week, intensifying scrutiny on one of the most ambitious infrastructure projects in South America.
This development adds a layer of regulatory uncertainty to the $4 billion venture, potentially affecting long-term return on investment calculations for the Chinese operator.
The decision directly impacts the operational autonomy of the port, which was designed to transform Peru into the premier logistics hub for Latin America.
By vesting full oversight in the state regulator, the court effectively curtails COSCO’s ability to set pricing and manage operations without government intervention.
This development adds a layer of regulatory uncertainty to the $4 billion venture, potentially affecting long-term return on investment calculations for the Chinese operator.
The Chancay port has been a focal point of geopolitical and economic debate, with critics arguing that the project gives excessive leverage to a foreign state-owned enterprise over critical national infrastructure.