MTC slates Paita, Pisco port concessions for 2007

Bnamericas Published: Tuesday, August 22, 2006
Peru's transport and communications ministry ( MTC) has scheduled to launch and conclude the tender processes for the concessions of the ports Paita and Pisco within the first quarter of 2007, local papers quoted MTC head Verónica Zavala as saying. The concession of Paita is expected to require a total investment of some US$80mn, according to the website of Peru's private investment promotion agency ProInversión. The port's operations show great growth perspectives, as it is one of the starting points of the IIRSA Norte highway, which connects the country with Brazil. The terminal has also acted as an alternative to Ecuadorian ports, ProInversión said. Investments will include works to reinforce and expand the port's dock, the purchase of cranes and other equipment to be detailed in the concession contract. The concession of the General San Martín port, in Pisco, will require over US$11mn in investment, including US$6.1mn for the rehabilitation of the port's areas 5 and 6, and the purchase of a crane, along with other equipment in the short term. Another US$5.3mn is expected to be invested in the purchase of related equipment in the medium term. According to ProInversión, the port has great growth potential and can act as an alternative to Callao port, 220km away and recently awarded for development under concession. The port is located near the airport and the Panamericana Sur highway, which could have a positive impact on its development. It is the country's third port terminal, after Callao and Matarani. The concessions of both ports fall under the Peruvian government's goal to promote trade and local development. Other measures the government is taking include the development under concessions schemes of regional airports. The ports are expected to handle increasing cargo flow resulting from free trade agreements signed with the US, Brazil and China.

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