The Department of Defense has approved up to $1.5 billion in funding to support Peru’s plan to upgrade and relocate its largest naval base from the port city of Callao to a new site closer to the capital, Lima. Newsweek reached out to the Peruvian Foreign Ministry via email for comment. The planned base lies roughly 50 miles north of Chancay, where a $1.3 billion megaport built and operated by Chinese state‑owned shipping giant COSCO opened in late 2024. China is now the top trade partner for