Peru's private investment promotion agency ProInversion has announced that it has awarded the contract for the Pisco port concession (General San Martín terminal) to the Consorcio Paracas.

Consorcio Paracas beat out competition from three other bidders for the project by offering investments for a value of US$184.4 million, which is US$80 million more than the reference value (US$ 102.4 million)

The three tother teams were:

• Consorcio Terminales Portuarios Andinos - Pisco: Andino Investment Holding S.A.A. and Inversiones Portuarias S.A.,
• Consorcio APM Terminals Pisco: APM Terminals B.V. and Uniport S.A.,
• Trabajos Marítimos S.A. (Tramarsa).

The winning consortium is formed by Spain's Servinoga S.L., Brazil's Pattac Empreendimentos e Participacoes S.A., Brazil's Tucumán Engenharia e Empreendimentos Ltda. and Fortesolo Servicios Integrados Ltda.

The project involves the design, financing, construction, operation and maintenance of the Pisco port for a period of 30 years.

The minimum works established in the contract are divided into packages:

• initial minimum works for approximately US$47 million (Dredging at -14 m, multipurpose dock, multipurpose dock, yard for bulk cargo and other cargoes including containers,support facilities, electrical interconnection, 2 mobile cranes, yard equipment and other equipment for general cargo); and

• works depending on demand, for approximately US$8 million in a first stage.

The Ministry of Transports and Communications (MTC) will be the grantor of the concession contract.

General San Martin terminal port  is located in the Department of Ica, province of Pisco, Paracas district and in a town called Punta Pejerrey, 280 Km south of the port of Callao.

The port of San Martin features a 700 -meter long marginal pier with four mooring docks:1,2,3 and 4. The port was built in 1969, is naturally protected from breakers and enjoys a balmy climate nearly all year-round.

Today berths 1 and 2 north of the Terminal are being repaired by the National Port Company (ENAPU), the entity that administers moorings that were affected as a result of the earthquake of 2007.