APM Terminals Callao has initiated the US $95 million expansion of its Multipurpose North Terminal Modernization Project at the Port of Callao. The 100% private investment surpasses contractual commitments by nearly 40%. The project’s third stage, 3A, kicked off with a symbolic groundbreaking ceremony attended by key authorities and stakeholders, including Dina Boluarte, the President of Peru. The development, slated for completion in 2024, involves the construction of 12 vertical silos for clean grains, boosting capacity from 25,000 to 85,000 tons.
APM Terminals Callao aims to enhance efficiency for general cargo customers by installing two continuous free-flow solid grain unloaders. The terminal handles a significant portion of Peru’s wheat, corn, and barley imports. Additionally, the project includes the construction of 2.13 hectares of paved areas and improvements to the access gate for general cargo.
Looking ahead, stage 3B, with a projected investment of US $328 million, will commence once the terminal reaches an annual capacity of 1.1 million TEUs. APM Terminals Callao, however, plans to invest approximately US $500 million, exceeding contractual obligations by 50%. Stage 3B will benefit both general and containerized cargo customers, featuring a new 440m fully equipped container berth and dredging works to accommodate container vessels up to 400 meters long.
The expansion includes the acquisition of four Ship-to-Shore Super Post Panamax gantry cranes, 12 electric rubber tyred gantry cranes (eRTG), and 33 terminal trucks, doubling the port’s existing capacity to handle over 2.8 million TEUs. The redevelopment involves demolishing and rebuilding existing piers, creating seven hectares of paved yard for container and general cargo.
Lars Vang Christensen, CEO of APM Terminals Callao, expressed pride in launching the next stages of the modernization project, emphasizing a total commitment of US $1,200 million. Recognized as part of Peru’s critical infrastructure, the port currently serves over 70% of the country’s general cargo and 40% of its containerized cargo. Christensen emphasized the strong commitment of shareholders to continue investing in modernizing the terminal and fostering a long-term partnership with Peru.
