Peru’s megaport to set new standards
Peru is set to transform its port infrastructure and boost the economy with the development of a new megaport at Chancay.
With a massive investment of US$1.3 billion, the project aims to create a key hub for trade between South America and Asia, setting new standards for port operations in the region.
“The recent reform of the ports law has been key to the revitalisation of the sector, allowing private companies to manage ports and encouraging investment in infrastructure,” said Juan Carlos Paz, president of the National Port Authority (APN).
South America’s first smart port
The new port will include technologies such as 5G, equipment automation, facial recognition to ensure safety, and renewable energies. All in all, US$260 million has been earmarked for port technology, helping the port handle up to 5,760 containers per day and reducing logistics costs by 20%.
“The goal is for all Peruvian ports to adopt smart technologies, positioning the country as a regional leader in the logistics sector,” said Mariela Gutarra, head of government and digital transformation at APN.
Modernisation has played a crucial role in the growth of Peru’s exports, which have increased tenfold in the past 25 years. Since 1999 when eight ports were developed, exports have grown from US$6.1 billion to US$64.4 billion last year.
The country is pushing on with a raft of port modernisations, including implementing the Internet of Things and Big Data at the Port of Callao, development of the San Juan de Marcona terminal and three other port projects during 2024 to 2026.
Peru has an extensive coastline of more than 2,400 kilometres making it a strategic point for maritime trade. In 2020, the Port of Callao – the busiest in the country – handled more than 2.5 million teu.
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