APM Terminals has taken control of the container terminal at Callao, paving the way for a major investment program to boost capacity at Peru’s largest port.
“Our investment in expansion and personnel will make this terminal one of the busiest and most important ports in Latin America,” said APM Terminals Callao Managing Director Henrik Kristensen.
APM, which won a 30-year operating concession in May, is committed to investing $749 million to upgrade and expand the Muelle Norte terminal into a multipurpose facility handling containers, roll on, roll off, breakbulk and conventional general cargo.
As part of the deal, APM will cut tariffs by 15 to 18 percent.
Planned improvements include the installation of 12 post-Panamax ship-to-shore cranes and 36 rubber tired gantry cranes which will increase annual capacity of the terminal to 2.9 million 20-foot equivalent units over the next decade.
APM will also build a grain silo, which will boost annual general cargo capacity to 9.9 million metric tons.
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