Paracas consortium awarded Pisco concession

Perus private investment promotion agency, Proinversión, has revealed that the Paracas consortium presented the winning bid for the $102.4m concession to operate the Port of San Martín, in Pisco.

The consortium is comprised of Servinoga, Pattac Empreendimentos e Participações, Tucumán Engenharia e Empreendimentos and Fortesolo Servicios Integrados.

The 30-year concession, which involves development of a multi-purpose terminal and the management of a container berth, will take capacity to 2.7m tons per annum by the end of the concession.

Three other consortia also bid, including APM Terminals, which already operates the Norte container terminal at the Port of Callao. Tramarsa, the Romero group’s port operating arm, and Andino Investment Holding, which has a 50% stake in the Port of Paita’s operating company, were the other two companies. In total, seven companies had originally pre-qualified.

However, the National Federation of Enapu Workers (Fentenapu) has pointed out that the concession does not contain any guarantees or penalty clauses should the concession be subsequently be transferred to a third party. As a result, a single company could establish a monopoly at ports across Peru, since Chilean companies already control the ports of Matarani (Tisur) y Paita (TPE).