DP World has completed a major US$ 400mn expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80% and solidifying Callao’s position as the key gateway for global trade on the west coast of South America.
The Bicentennial Pier expansion project extends the pier from 650m to 1,050m, making Callao one of the few ports in South America capable of accommodating three vessels (or two mega-vessels) simultaneously.
The project increases handling capacity from 1.5mn TEUs (twenty-foot equivalent units) per year to 2.7mn TEUs, while the container yard space has also been expanded to a total of 40 hectares.
Ambitions
The project is a key part of DP World’s ambitions for Latin America, announced last month. Given its proximity to the capital, Lima, and complementing the growth of nearby Jorge Chávez Airport, the development elevates the Port of Callao from an efficient port to a premier logistics hub for the entire region.
“The Bicentennial Pier project is a landmark achievement for us in Peru. Our US$ 400mn investment represents our unwavering commitment to supporting region’s economic growth and solidifying Callao’s position as a premier logistics hub,” stated Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
“The Port of Callao is the economic heart of Peru, handling over 90% of the country’s containerised cargo, with 60% of that cargo moving through the South Terminal,” commented Carlos Merino, CEO, DP World-Peru and Ecuador.
