Ministry of Transport and Communications (MTC) in Peru has agreed on the loan agreement presented by the project concessionaire DP World Callao SRL which guarantees the execution of the works of Phase 2 of the New Terminal of Containers.

The concessionaire requested US$163.1 million from the authority to complete the schedule for the execution of phase 2 of the project. 

In phase 2, the concessionaire will complete the expansion of the 310-meter berth with an additional berth, an extension of the dock from 650 meters to 960 meters, and the implementation of port equipment as well as the extension of the backup area up to 30.3 hectares. The additional investment will extend the wharf by an additional 90 meters.

The total investment value for phase 2 of the project is PEN1.24 billion (US$312.18 million) including a mandatory investment of PEN579.80 million (US$146.44 million) and an additional investment of PEN666.2 million (US$168.26 million).

The execution of these works will allow to increase the capacity of the port terminal, improving efficiency and productivity, at the same time that it will give a boost to the economic reactivation of the country.