APM Terminals signs 30-year Callao terminal concession

On April 1, 2011 the Government of Peru named APM Terminals Callao the winner of the bidding process which also attracted submissions from Hutchison Port Holdings. The terms of the concession include the investment of US$ 749m to update and expand the existing facility into a modern multi-purpose terminal serving general, ro-ro, break bulk , container and cruise ships.

“The key management positions have been filled and we are in the process of hiring administrative and operations staff as well as executing contracts with suppliers; orders have already been placed for new forklifts and reach stackers so that we will be ready to take over operations by July,” said APM Terminals’ Head of Implementation, Soren Sjostrand Jakobsen. The contract calls for APM Terminals to assume operational control of the terminal within 60 days of signing the concession agreement.

Planned improvements include the construction of a new grain silo and other related cargo handling improvements over the coming years. Also planned are the construction of new berths and the expansion of the container handling capabilities including new post-Panamax STS cranes and RTGs. When built to full capacity, Terminal Muelle Norte will employ approximately 1,500 personnel and will be able to handle 2.9m teu and 9.9m tons of non‐containerised cargo annually. APM Terminals also operates local cargo inland services company Almacenes de Contenedores Sudamerica (ALCONSA) in Peru, with locations in Callao and Paita.