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Investing — China

Why Is The US Investing $4.5 Million In Peru's Callao Port?

The investment comes as Peru prepares to relocate its main naval base to facilitate the expansion of Callao, the country's busiest port.

,   and  TIPP Staff
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US Invests $4.5 Million in Peru's Callao Port Amid Competition With China. Pic via(

The United States has paid $4.5 million to design a port infrastructure programme at Callao, Peru, as competition grows with China's Chinese-controlled Chancay megaport located less than 80 kilometres away. The US State Department disclosed the funding on Thursday.

The investment comes as Peru prepares to relocate its main naval base to facilitate the expansion of Callao, the country's busiest port.

The development highlights growing strategic competition between Washington and Beijing over influence in South America's maritime infrastructure.

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The payment was detailed in a report on a recent visit to Peru and Colombia by Thomas DiNanno, the US State Department's undersecretary for arms control and international security.

Further details of the proposed infrastructure programme were not provided in the supplied report.

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