Maersk to build and operate pier in Peru’s main port

Apr 04, 2011 12:00 AM

The world’s largest container shipping line, Moeller-Maersk, won a contract to build and operate a $ 1.1 bn pier at Peru’s largest port, the government announced in Lima.
Copenhagen-based Maersk’s APM Terminals unit beat out Hong Kong-based Hutchison Whampoa by offering a bigger discount for services at the Muelle Norte pier at the Callao port, state investment promotion agency Proinversion said at a ceremony in Lima.

The concession, which comes before April 10 presidential elections, will significantly reduce costs at Callao, which handles 45 % of the country’s cargo.
“Investors feel that the next government will have to respect their rights,” Finance Minister Ismael Benavides told in Lima. “Peru’s trailing the region in port modernization as everybody’s awarding concessions.”

Maersk and the $ 600 mm Muelle Sur pier operated by DP World (DPW) will compete to handle grain imports and exports of metals, natural gas, fishmeal and coffee, according to Proinversion.
Peru is the world’s second-largest copper producer and the first in silver.

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