APM Terminals (APMT) Callao has begun construction on Stage 3A of the Multipurpose North Terminal Modernization Project at the Port of Callao.
The $95 million in private investment surpasses contractual obligations in the amendment by about 40 per cent.
To commemorate this critical milestone, the company held a symbolic ground-breaking ceremony in the presence of important officials such as Dina Boluarte, President of the Republic of Peru, Ral Pérez Reyes, Minister of Transport and Communications, Juan Carlos Mathews, Minister of Foreign Trade and Tourism, Walter Tapia, President of the National Port Authority, and industry associations, embassies, and clients.
Construction of a battery of 12 vertical silos for clean grains is scheduled to begin in 2024. Capacity will be increased from 25,000 to 85,000 tonnes.
APMT intends to boost unloading productivity for general cargo clients by purchasing and installing two continuous free-flow solid grain unloaders.
READ: APM Terminals Callao surpasses 1 million TEU
APMT Callao reportedly handles 73 per cent of the wheat, 54 per cent of the corn and 100 per cent of the barley that enters Peru.
The construction of 2.13 hectares of paved areas and significant improvements at the access gate for general cargo will also be carried out.
Stage 3B will commence with a $328 million investment if the terminal reaches an annual capacity of 1.1 million TEU. This aims to assist both general cargo and containerised cargo clients by adding a new 440 metres fully equipped container berth and dredging works that will allow container vessels up to 400 metres long with a draft of 16 metres to dock.
READ: APM Terminals Callao receives largest containership to ever berth in Peru
Lars Vang Christensen, CEO of APMT Callao, said: “We are happy and proud to start the next stages of the modernisation project – a total commitment of $1.2 million in the most important public port in the country.
“For more than 12 years, APMT Callao has embraced the challenge of leading the significant transformation and development of the port of Callao, lifting the standard of connectivity between Peru and global trade.”
“Furthermore, being recognised as part of Peru’s critical infrastructure, we currently serve more than 70 per cent of Peru’s general cargo and 40 per cent of its containerised cargo. During our time in Callao, our focus has been to implement solutions to improve and align the infrastructure to the needs of the market and therefore also to create value for users of the port.”
Christensen concluded: “Finally, this achievement has also been made possible by the strong commitment of our shareholders to continue investing in modernising the terminal and in their long-term partnership with Peru.”
