PERU LINES UP MAJOR PORT INVESTMENTS FOR 2022

Public and private sector port investment in Peru in 2022 is expected to come in at just under the two billion US dollar mark.

Key projects include:

• US$1.2 billion for the Chancay Multipurpose Port Terminal where Cosco Shipping & Ports are heavily involved in new port development.
• USD350 million for the expansion of the South Pier at the main port of Callao.
• USD94 million for the Phase 1 and 2 construction at Salaverry Multipurpose Port Terminal involving quay and landside works.

Local reports further indicate that Maersk (APM Terminals) is awaiting approval for development works valued at in excess of US$ 1 billion.