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submitted 2 days ago by [email protected] to c/[email protected]
  • Peru and Cosco Shipping, a Chinese state-owned construction company, have settled a dispute over the business model to be put in place for the Port of Chancay, built under China's "Belt and Road Initiative". The company is granted the exclusive right to operate the port after it is inaugurated in a few months.

  • Earlier this year, however, as the work neared completion, Peruvian government lawyers filed a lawsuit challenging the exclusivity granted to the Chinese company, saying the facility should be available to other container handling companies as well.

  • But Chinese lenders and Peruvian industrial groups harshly criticized the move. Now, with Peruvian authorities taking a step back, the impasse should be settled.

  • Various business groups are now pushing for the construction of a road between the port and the Brazilian state of Acre, to speed up access to maritime trade with Asia, at the cost of more harm to the Amazon rainforest.

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[-] [email protected] 9 points 2 days ago

Truly fuckin pathetic.

[-] [email protected] 7 points 2 days ago

Peru is so corrupt and broken, that this doesn't suprise me one bit.

[-] [email protected] 2 points 2 days ago

Well at least they understand the planet is dying. Obviously.

[-] [email protected] 2 points 2 days ago

They may understand, but they also don't care.

[-] [email protected] 0 points 2 days ago

So kinda like America, but smaller?

[-] [email protected] 1 points 2 days ago

Not sure about their relative sizes, but neither country could give less of a shit about the toxic crap their corporations put into the air, yes.

[-] [email protected] 1 points 2 days ago
this post was submitted on 02 Jul 2024
59 points (98.4% liked)

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