Andina

APM Terminals signs 30-year Callao Terminal Concession

Gantry crane at Port of Callao. Photo: ANDINA / Jorge Paz.

Gantry crane at Port of Callao. Photo: ANDINA / Jorge Paz.

10:56 | Lima, May 13 (ANDINA).

The new 30-year concession contract for the development and operation of Terminal Muelle Norte at the Port of Callao was signed today by Peruvian President Alan Garcia and representatives of APM Terminals and local partner Central Portuária S.A.C. at the Government Palace in Lima.

“Our vision is to transform Terminal Muelle Norte into a powerful economic generator for the people of Peru and to develop a world-class full-service port and infrastructure on the West Coast of South America” said APM Terminals Vice President for Business Development, Americas Henrik Lundgaard Pedersen.

Pedersen signed the contract on behalf of APM Terminals, and Klaus Burger signed as the representative of minority shareholder Central Portuária S.A.C. which is part of the APM Terminals Callao consortium.

On April 1st the Government of Peru named APM Terminals Callao the winner of the bidding process which also attracted submissions from Hutchison Port Holdings, reported Dredgingtoday.com.

The terms of the concession include the investment of USD 749 million to update and expand the existing facility into a modern multi-purpose terminal serving general, Ro-Ro, break bulk and containerized cargos as well as cruise ships.

“We are grateful for this opportunity to serve the people of Peru and for the confidence that the Peruvian Government has placed in APM Terminals and our global port and inland services network” said Pedersen.

(END) PSY/LVT


Publicado: 13/5/2011