Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
Investments of US$2.5bn to halve port infrastructure deficit by 2014 - APN (Peru)
Peru's national port authority (APN) estimates that investments of US$2.5bn will cut the country's port infrastructure gap in half by 2014, according to APN president Frank Boyle.


Investments are expected to come from private projects and port concessions to be awarded by private investment promotion agency ProInversion, Boyle told state news service Andina.


When the current government took office in 2005, some US$6.3bn was needed to upgrade ports. Some US$1.3bn has been invested to date, leaving a deficit of US$5bn, according to Boyle.


Port concessions in Loreto, Ucayali and Ica regions, along with the Muelle Norte terminal at Callao port, will generate more than US$1bn in investments, Boyle said. Private projects including the CF Industries project north of San Juan de Marcona will generate further investment, he added.


Consortium Terminales Portuarios Euroandinos (TPE), which operates Piura region's Paita port, is scheduled to begin work on a new terminal in February. The group is expected to invest some US$20mn in the expansion project during Q1, according to the report.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...