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ENAPU needs private sector cash
18 Jul 2008
Peru's National Ports Authority (Enapu) has come under fire for its decision to court private sector finance for the upgrading of Quay 5 at the Port of Callao.
Enapu has already paid for the first two ship-to-shore cranes ordered specifically for the terminal, which are due to arrive in October, from its own coffers.
The authority has conceded that it does not have sufficient financial resources to cover the bill for the other four cranes needed, costing $200m, which will now be privately finance.
