Dubai Ports World (DP World) said it has begun building a container terminal in the Peruvian port of El Callao, for an initial investment of over $300 million.
The terminal will have the capacity to unload up to 1.2 million container ships per year, compared to 600,000 currently. It is scheduled to be completed in 2010, DP World president Sultan Ahmed Bin Sulayem said in a statement.
El Callao is the biggest port in South America and the 100th largest in the world in terms of container ships, with 70 percent of Peru's goods traffic passing through it.
DP World, in association with Peruvian company Uniport, obtained the concession for the terminal for 30 years.
The terminal will have the capacity to unload up to 1.2 million container ships per year, compared to 600,000 currently. It is scheduled to be completed in 2010, DP World president Sultan Ahmed Bin Sulayem said in a statement.
El Callao is the biggest port in South America and the 100th largest in the world in terms of container ships, with 70 percent of Peru's goods traffic passing through it.
DP World, in association with Peruvian company Uniport, obtained the concession for the terminal for 30 years.