Peru: Investment in Port Concessions Reaches USD 2.2 Billion

Peru’s National Port Authority (APN) announced that the eight port concessions granted in the country have invested over USD 2.2 billion to date, with a total investment commitment of USD 3.447 billion.

“The work the APN has been doing for 21 years is part of a state policy that is being reinforced by this government, particularly with the infrastructure projects we are seeing,” said APN Board President Juan Carlos Paz Cárdenas.

Two months ago, the Bicentennial Dock was inaugurated in Callao, operated by DP World Callao. Under the concession agreement, the company was required to build a 960-meter dock but decided to construct a longer one, reaching 1,050 meters.

“They trust the country, see that Peru offers investment guarantees, and have exceeded their commitments. With this, the operator’s capacity is now able to handle three Neo-Panamax vessels simultaneously, a capability already demonstrated. This is something rare in Latin America. To date, DP World has invested over USD 714 million in the Container Terminal at the Callao Port Terminal,” added the APN head.

Meanwhile, APM Terminals Callao, the operator of the Multi-Purpose North Dock at Callao Port, invested over USD 471 million, and Transportadora Callao, the operator of the Mineral Concentrates Export Terminal, invested USD 113 million.

“Callao is now a hub that receives transshipment cargo. All the concessions have led to improvements in efficiency, strengthening the logistics chain, and benefiting citizens,” Paz Cárdenas noted.

In Paita, there is a terminal that serves as the main export point for refrigerated containers, shipping hydrobiological and agricultural products. Terminales Portuarios Euroandinos, a consortium with Turkish and Emirati capital, manages this concession. The cumulative investment in this terminal is around USD 289 million.

Salaverry has seen a cumulative investment of approximately USD 137 million. It’s worth noting that in 2023, the total cargo handled through this terminal reached 3.19 million tonnes of solid bulk, representing 97.59% of its total capacity.

Port Investments in Southern Peru and the Amazon

Arequipa has a key port in Matarani, which handles 7.5 million metric tonnes, working with three mines in the south, each with its own warehouse in Matarani. Since 1999, the concessionaire for this terminal, Terminal Internacional del Sur (TISUR), has invested USD 290 million.

Additionally, the General San Martín Port Terminal, operated by Puerto de Paracas, has seen investments of USD 183 million, earning the trust of various shipping lines.

In the Peruvian Amazon, the Yurimaguas – Nueva Reforma Port Terminal has seen an investment of USD 36 million through a partnership between the Peruvian government and the Puerto Amazonas Concessionaire. In the coming weeks, the concession contract for the San Juan de Marcona Port Terminal will be signed with Jin Zhao Peru, with a projected investment of over USD 400 million.

Source: PortalPortuario

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