The private initiative proposed by APM Terminals (AMPT) to modernize Callao port's Muelle Norte terminal aims to provide a "total solution" for the port, the company's commercial director for Central and South America, Roberto Bosman, told BNamericas.
"We think we are offering a total solution: a multipurpose terminal which handles not only containers but also general cargo, bulk, and roll-on/roll-off cargo, with specialized berths to deal with each type," Bosman said.
"We plan to grow with the demand of the market, so that Callao port will always have sufficient capacity to deal with the four cargo types that we offer," Bosman added.
The company expects the government to decide whether or not to declare the initiative of public interest over the next four to six months.
APMT's proposal involves building and operating a multipurpose cargo terminal, as well as modernizing national port operator Enapu's existing infrastructure at Callao.
According to national port authority APN, AMPT is proposing to invest US$1.9bn over 30 years. The firm will initially handle some 930,000 TEUs, before expanding to reach 2.3mn TEUs by 2024, said Peruvian state news agency Andina.
While APMT cannot confirm the amount to be invested, the figure presented to the government represents the entire cost of the project over the 30-year concession period, including costs such as contributions to the government and replacing equipment, Bosman said.
The new proposal will rival the US$1.3bn private initiative presented in 2008 by Dubai-based port operator DP World, which already holds the 30-year concession of Callao's Muelle Sur terminal.
Netherlands-based APM Terminals is the port division of Danish shipping company Maersk. The firm currently operates 50 container facilities in 34 countries.