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Court rules against DP World's Muelle Norte bid (Peru)

A civil court in Peruvian capital Lima has ruled against an injunction obtained by Dubai-based port operator DP World that would have allowed it to bid for the Muelle Norte multipurpose terminal concession at Callao port.

The firm, which operates Callao's Muelle Sur terminal, presented a US$1.3bn private project to modernize the port terminal in 2008.

The port operator had obtained an injunction in January against a decree by the transport and communications ministry (MTC) that prohibited any form of monopoly at Callao port, preventing DP World from participating in the project.

The injunction was accepted by the constitutional court; however, MTC appealed against the measure. Lima's fourth civil court has accepted the appeal, effectively ruling DP World out of the process, state news agency Andina reported.

DP World has asked authorities to ensure it is given the same privileges as the eventual Muelle Norte concessionaire, said economy and finance minister Ismael Benavides.

The tender for the concession, which had been suspended pending the court's decision, is now expected to resume. Private investment promotion agency ProInversión is expected to present the final version of the 30-year concession contract on March 25.

The Muelle Norte concession includes construction work and upgrades on Callao's docks 1, 2, 3, 4 and 5 and will require an investment of US$549mn.

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