DP World to build container terminal at the busiest Peruvian port of Callao
The Peruvian Transport and Communications Minister Verónica Zavala has announced that construction work on DP World's Muelle Sur container terminal at the busiest port of Callao will begin on March 17.
The country's Agencia de Promoción de la Inversión Privada (Proinversion) and the National Port Authority had in June 2006 awarded DP World Callao a 30-year concession to develop and operate a new container terminal in Callao port's 'southern zone'.
DP World Callao is 70% owned by DP World through its subsidiary P&O while the remaining 30% is held by Uniport of Bilbao, Spain through its Peruvian subsidiary – the Unimar group of companies.
DP World Callao was reportedly awarded the concession after submitting a proposal to invest some $617 million including $144 million for the common port areas.
DP World officials say Callao is the largest and fastest growing container port on the west coast of South America with a compound annual growth rate of over 14% per annum since 2000.
The new facility will initially be constructed with two berths comprising 660m of quay line and 22 hectares of yard, which, dependent upon the timing of the relevant permits and approvals, could be operational as early as the second half of 2009.
Further development will be phased in line with demand growth with total capacity projected to reach 1.35 million TEUs.
Preliminary estimates of capital expenditure are approximately $210 million for the first two berths. The berths will initially be capable of handling vessels of 5,500 TEU nominal capacity.
Recent reports said that DP World Callao expects to start operations at Muelle Sur by 2010.
The consortium plans to turn Callao into a hub for the western coast of South America, a scenario some reports say is on the way to happening due to its geographical location, sustained export growth and recent signings of free trade agreements.
The country's Agencia de Promoción de la Inversión Privada (Proinversion) and the National Port Authority had in June 2006 awarded DP World Callao a 30-year concession to develop and operate a new container terminal in Callao port's 'southern zone'.
DP World Callao is 70% owned by DP World through its subsidiary P&O while the remaining 30% is held by Uniport of Bilbao, Spain through its Peruvian subsidiary – the Unimar group of companies.
DP World Callao was reportedly awarded the concession after submitting a proposal to invest some $617 million including $144 million for the common port areas.
DP World officials say Callao is the largest and fastest growing container port on the west coast of South America with a compound annual growth rate of over 14% per annum since 2000.
The new facility will initially be constructed with two berths comprising 660m of quay line and 22 hectares of yard, which, dependent upon the timing of the relevant permits and approvals, could be operational as early as the second half of 2009.
Further development will be phased in line with demand growth with total capacity projected to reach 1.35 million TEUs.
Preliminary estimates of capital expenditure are approximately $210 million for the first two berths. The berths will initially be capable of handling vessels of 5,500 TEU nominal capacity.
Recent reports said that DP World Callao expects to start operations at Muelle Sur by 2010.
The consortium plans to turn Callao into a hub for the western coast of South America, a scenario some reports say is on the way to happening due to its geographical location, sustained export growth and recent signings of free trade agreements.