The Ministry of Transport and Communications of Peru has announced that public-private partnership (PPP) investment in Peru's 8 ports to exceed US$3,500 million.
Port infrastructure and services have been upgraded at 8 concession ports in Peru between 2001 and 2022 through a PPP with an investment of more than US$1.9 billion. Investment has helped boost Peru's foreign trade over the past 20 years, especially exports, which increased from US$7,000 million in 2001 to a record US$65,800 million in 2022. The largest investments executed were registered in the North Multipurpose Terminal of the port of Callao (US$452 million), South Dock of the port of Callao (US$ 440 million), Matarani Port Terminal (US$290 million), Paita Port Terminal (US$260 million), the General San Martín de Pisco Port Terminal (US$182 million) and the Salaverry Multipurpose Port Terminal (US$131 million). Investment in ports has helped boost terminal traffic, with total average traffic rising from 20.1 million tons pre-concessions (in 2001) to more than 52.4 million tons as of November 2022. At the Port of Callao, traffic increased on average from 14.6 million tons before the concession to more than 30 million tons after the concession.
Port concessions increase the efficiency and productivity of ports, reduce costs for users and increase space to accelerate their investment. At the port of Callao, pick-up time was reduced by 20% (by the end of 2019) and hourly productivity increased by 52.8%. In the Salaverry port terminal, in the first 4 years of the concession, the company achieved a record for the mobilization of agricultural products on ships with a capacity of up to 45,000 tons per operation and increased its productivity by 35%.
Peru reported that private companies are showing renewed interest in upgrading new port terminals such as San Juan de Marcona (US$520 million) and Chimbote Port (US$180 million).