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Headline : Peru port conflict escalates as Chinese firm insists on original terms

Read more from the original article on here at www.yahoo.com.





Tags : #peru #port #conflict #escalates #chinese #firm #insists #original #terms



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LIMA (Reuters) - The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed with the government, as some local officials have sought to backtrack on the deal.

Hong Kong-based Cosco Shipping Ports will defend its legal rights to provide services as the exclusive operator of the deepwater Chancay Port Terminal under "terms that were agreed at the beginning of this investment," the firm said in a statement.

Cosco added that the legal controversy has harmed the project and cautioned against imposing new rules on ports that some regulators have said they might consider.

Read more from the original article on here at www.yahoo.com.


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