The Peruvian investment agency ProInversión has approved a contract addendum that will boost cargo handling capacity at the Port of Matarani by 50 %, along with a 22 % increase in mineral storage capacity. The addendum accelerates US$700 million in upfront investments, which is projected to generate an additional US$356 million contribution to the state. Key infrastructure enhancements include constructing a new multipurpose berth with a breakwater, a 40,000-tonne warehouse, a 4.6-hectare container yard, and the modernization of the existing wharf. During construction, around 1,800 direct jobs are expected to be created, and the contract is projected to attract up to US$11 billion in regional investment. The concession is held by Terminal Internacional del Sur (TISUR), part of the Tramarsa Group, and does not require public financing.