Three major port projects underway in Peru

The ports are the Terminal Portuario General San Martín, the Terminal Portuario Salaverry and the Terminal Portuario de Chancay.

Work at San Martín, which requires investment of $249m, commenced in June 2018. The concession at Salaverry was awarded in May last year, with working commencing on December 28, 2018. While the most recent project, that at Chancay, was given the go ahead in January this year, and will involve investment of $3bn. This is a joint venture between Minera Volcan and COSCO, who will kickstart studies later this year to look into the expansion of the port area.

Investors are attracted to Peru given its pivotal position on the Pacific coast of South America and its potential minerals traffic.