A bidding process is expected to take place at the end of 2015 for the construction of a maritime terminal in Lambayeque, Peru, for between US$300m and $500m.
The plan was passed by the National Port Authority of Peru (APN) and was submitted to the Ministry of Transport and Communications (MTC) to be included into the national ports project.
The aim of this new terminal is to reduce transportation costs for Northern Peru businessmen seeking to move their products to the ports of Paita and Callao.
Humberto Acuña, the Governor of Lambayeque, said: “If transporting products from northern Peru, for example, Lambayeque, entails higher costs, operating costs will increase by 30%.”
The Regional Government of Lambayeque has already approved the regional master plan with around $960,000 of investment, according to Andina.
Currently, one Peruvian, one Colombian and two Italian companies have proposed investments for the project.