With Chancay Port's inauguration around the corner, the mega port in Peru is set to revolutionize trade with the Asia-Pacific region by significantly reducing transit times and costs. 

As a deepwater port with a maximum depth of 17.8 meters, the Chancay Port can accommodate ultra-large container vessels. The Chancay Terminal project consists of a multi-purpose terminal, a container terminal, and related infrastructure. Its first-phase project plans to build four berths, with two multi-purpose and two container berths. The terminal is designed to handle an annual throughput of one million TEUs, 6 million tonnes of general cargo, and 160,000 vehicles, said the Belt and Road Portal website.

Peru's President Dina Boluarte said in July the megaport being built in Chancay, a small town just north of Lima, will serve as a "nerve center" to facilitate connections between South America and Asia.