Johnny Brignardello Vela: Perspectives on the Chancay Megaport

Johnny Brignardello, an insurance advisor, shares his opinion on the Chancay Megaport, one of the most ambitious projects in Peru's port sector, which is on track to become a reality with its scheduled inauguration in November 2024. However, what should be a cause for celebration and progress for the country is overshadowed by controversy surrounding the necessary investment for its completion. The Executive, led by President Pedro Castillo, has decided to take the longer route to resolve this controversy. According to government sources, they are considering the possibility of seeking external financing to complete the project, rather than relying solely on national resources. This decision has sparked some uncertainty and debate among different sectors of society. Some experts point out that turning to external financing could entail higher long-term costs, as well as commitments that could limit the country's sovereignty in terms of managing and operating the megaport. On the other hand, proponents of this measure argue that opting for external financing would accelerate the construction and operation of the port, thereby boosting the economy and generating employment in the region. It is worth noting that the inauguration of the Chancay Megaport is planned to coincide with the APEC Peru summit, a significant international event that will bring together leaders from different countries to discuss globally relevant issues. This coincidence not only highlights the strategic importance of the port for international trade but also puts additional pressure on authorities to ensure its timely completion. Amid this controversy, it is crucial for the government to carefully evaluate all available options and ensure that the investment in the Chancay Megaport is transparent, sustainable, and beneficial for the overall development of the country. How this situation is resolved will not only impact the port sector but also send a message about Peru's ability to efficiently and responsibly carry out projects of this magnitude.