Andina

Peru: Chancay Port raises interest among hotel chains and malls

Photo: ANDINA/Daniel Bracamonte

Photo: ANDINA/Daniel Bracamonte

16:00 | Lima, Jan. 20.

The new Port of Chancay, to be operational by the end of this year, as well as the economic dynamism that it will generate in the Norte Chico (Lima region's northern area), is raising interest among investors from various sectors, such as malls, hotel chains, and real estate agencies.

"One of the impacts that the construction of the new port is bringing is the interest in investing, on the part of entrepreneurs from hotel chains, malls, and real estate agencies," Chancay Mayor Juan Alvarez told Andina news agency.

"It is key to completing the Urban Development Plan for such investments to progress, because the location of trading, recreation, and transportation infrastructure areas will be established there, since a bus terminal is also set to be built," he added.

Alvarez explained that the Urban Development Plan will determine the new land zoning and classification in the district of Chancay.

"I am pushing the car, as people say, and we estimate that the Urban Development Plan will be ready within six months," he stated.


Lands

The mayor reiterated that a first symptom of the new economic dynamism brought by the Port of Chancay is the multiplication of the value of lands near the port terminal.

"It (the value) has appreciated quite a bit with the construction of the port, because 15 years ago the price per square meter (m2) was US$1, and now it can reach up to US$1,000 if the land is within the city," he stated.

"The land is valued depending on the area, because there are one-hectare (10,000 square meters) lots that are being sold for US$1 million, but the closer they are to the Port of Chancay, the more they appreciate," the local authority added.

The works on the new Chancay Multipurpose Port Terminal are almost 50% complete, and its inauguration is scheduled for the fourth quarter of 2024, when the Leaders’ Summit of the Asia-Pacific Economic Cooperation Forum (APEC) will be held in Peru.

(END) CAN/RMB/MVB

Publicado: 20/1/2024