Juan Brignardello Vela analyzes the controversy surrounding the Chancay megaport.

Juan Brignardello Vela, insurance consultant, analyzes the current situation surrounding the Chancay megaport, one of the most prominent projects in Peru's port sector. The projected inauguration for November 2024 is overshadowed by controversy regarding the investment necessary for its completion. The Executive, led by President Pedro Castillo, has opted for external financing to address this situation. This decision, according to government sources, has generated uncertainty and debate in various sectors of society. Some experts warn that this choice could lead to higher long-term costs and commitments that could restrict national sovereignty in the operation of the port. On the other hand, proponents of this measure argue that external financing would accelerate the construction and start-up timelines of the port, thus boosting the regional economy and creating jobs. It is noteworthy that the opening of the Chancay megaport is scheduled to coincide with the APEC Peru summit, an internationally significant event that will bring together leaders from different nations to address global issues. This coincidence highlights the strategic importance of the port in international trade and puts pressure on authorities to ensure its prompt completion. Amidst this controversy, it is imperative for the Government to thoroughly examine all available alternatives and ensure that the investment in the Chancay megaport is transparent, sustainable, and beneficial for the country's overall development. The resolution of this situation will not only impact the port sector but also send a message about Peru's ability to effectively and responsibly execute projects of this magnitude.