Ministry of Transport and Communications (MTC) in Peru has agreed on the loan agreement presented by the project concessionaire DP World Callao SRL which guarantees the execution of the works of Phase 2 of the New Terminal of Containers.
The concessionaire requested US$163.1 million from the authority to complete the schedule for the execution of phase 2 of the project.
In phase 2, the concessionaire will complete the expansion of the 310-meter berth with an additional berth, an extension of the dock from 650 meters to 960 meters, and the implementation of port equipment as well as the extension of the backup area up to 30.3 hectares. The additional investment will extend the wharf by an additional 90 meters.
The total investment value for phase 2 of the project is PEN1.24 billion (US$312.18 million) including a mandatory investment of PEN579.80 million (US$146.44 million) and an additional investment of PEN666.2 million (US$168.26 million).
The execution of these works will allow to increase the capacity of the port terminal, improving efficiency and productivity, at the same time that it will give a boost to the economic reactivation of the country.
The Ministry of Housing, Construction and Sanitation (MCVS) and PROINVERSIÓN has launched proposals on four new wastewater and sanitation PPP projects which will benefit the departments of Piura, Lambayeque, Lima, Huancavelica and Apurímac.
Read moreThe 365km Northern Toll Road linking Pativilca and Puerto Salaverry down the Peruvian coastline has secured the financial closure.
Read moreThe Agency for the Promotion of Private Investment PROINVERSIÓN in Peru issued its agreement to the accreditation of the Financial Closing for the Stages 1 and 2 of the Salaverry Multipurpose Port Terminal concession project.
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Peru's private investment agency, ProInversión, is set to award the 30-year concession contract for the rehabilitation of the Huancayo-Huancavelica railway in December 2019.
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ACS Group, through its subsidiary Iridium, has successfully priced a new EUR 501 million (US$ 559.72 million) 144A/Reg S Bond for the partial refinancing of Line 2 Lima Metro Project in Peru. At pricing, the offering, was more than 7 times oversubscribed, illustrating the strong market appetite for this project. The final book will include over 80 buyers, including some of the largest and most sophisticated institutional investors in the market. The issuance constitutes the largest Infrastructure Bond deal in Peru this year. Likewise, the bond issuance closing is expected on August 01, 2019.
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