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Ports are "profitable," but absurdly complex to build and manage. The reason many countries don't have deep water ports is because they can't afford to build one.
However, the economic impact of a port is, without question, a benefit to the Peruvian economy.
the new port embodies the challenge facing the United States and Europe as they look to counter Beijing's rising influence in Latin America.
Why do the U.S. and E.U. want to counter Beijing's influence?
Because whereas Western lenders would want Peru to take on austerity measures in exchange for high-interest debt to fund this project, COSCO decided to just do it themselves.