Financial close for port concession in Peru
The 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.
The concession for the Modernization and Development of Salaverry Multipurpose Port Terminal in La Libertad region was awarded to Salaverry Terminal Internacional SA, a subsidiary of Tramarsa, part of Grupo Romero, on May 31, 2018.
The credited financing consists of a syndicated loan for a total of up to US$ 132 million and an eight-year term in which Banco Santander SA acted as exclusive financial advisor to Tramarsa. Banco Santander, Itaú Corpbanca New York Branch and Banco BBVA Peru participated as lenders in the transaction.
The project consists of the design, financing, construction and operation of the Salaverry Multipurpose Port Terminal.
After the execution of Stages 1 and 2, the terminal will have state-of-the-art infrastructure and equipment, in accordance with the requirements of its area of influence, as well as may receive larger ships, which will improve connectivity with the communities. local and solid bulk, liquid and container trade.
The modernization of the terminal will require an investment of US$ 229 million and will allow it to meet the burden of agro-export, grains, mining production, among others. This will strengthen foreign trade in its area of influence, which includes the Ancash, La Libertad, Lambayeque and Cajamarca regions, boosting the economy and generating direct and indirect employment for the local and regional population.
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