China has made a $1.3 billion bet that a new port in Peru will boost access to South America’s agricultural bounty. Cashing in on the investment may be harder than expected.

China will work with Peru to ensure the success of Chancay Port from construction to management and operation a foreign ministry spokesperson said on

The port opening in Chancay underscores China’s growing clout in a region that once looked primarily to the United States for economic opportunity.