Contract signed for new terminal at Callao

The consortium won the bidding process, launched in November 2005, with a bid of US$90 per 20 ft container and US$135.18 per 40 ft container. It also offered the largest amount of additional investment – US$144m – exceeding rival bids by International Container Terminal Container Services Inc (ICTSI) and Consorcio Dragado Ransa by nearly US$100m.

The investment will be used to benefit the Port of Callao as a whole, including upgrading land access, expanding port access and carrying out additional deepening of the access channel and manoeuvring pool. In total, the new concession holder will invest around US$617m in the container terminal, with US$256m earmarked for the first stage.

The new terminal will have 650 m of docking frontage in its first phase, expanding progressively to 960 m. With this new infrastructure, DP World Callao estimates that it will move around 830,000 teu annually, rising progressively to 1.25 million teu. It will install four gantries for post-Panamax ships initially, rising to nine in the second phase, together with ten Transtainer cranes (rising to 32), 24 trailer trucks (rising to 54) and two reachstackers, among other equipment.