Peru to move forward with port concessions before year end
It is expected that the government of Peru will declare two port projects, Ilo and Salaverry port PPP projects, initiated by the private sector as projects of public interest before year end. This is a requisite before tendering the projects.
After receiving the declaration, the project could be awarded in a period of 3 to 6 months.
According to sources, Andino Investment Holding (AIH) presented an unsolicited proposal to modernize the Salaverry port, in the region of La Libertad, with a total investment of US$430 million (US$107 million during the first 5 years). The concession contract would run over 30 years. AIH submitted this proposal together with Gambell Group, forming the team "Consorcio Multiport Salaverry", in which AIH has 70%.
AIH would be responsible for equipping and maintaining the two quays of the port. It would also renovate the grain storage area and the container yard.
A consortium of Portugal's Mota Engil and Terminales Euroandino submitted a private proposal to develop the Ilo port terminal with investment estimated at US$700.
Both private initiatives continue to be evaluated by Proinversión. The ports of Ilo and Salaverry will improve connectivity, as they would be added to the logistical corridors of south and north, respectively.
Country news
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