Privatization – Peru – Reviewed port strategy plan creates more room for local development – APN
A new version of Peru’s national port strategy approved by the economy and finance ministry (MEF) will give local authorities more autonomy to develop regional port infrastructure, according to president of the national port authority APN Frank Boyle.
“The new plan creates more room and flexibility to foster the development of new regional port authorities and ultimately, new regional terminals,” Boyle said.
“Although there are only five regional port authorities today, there is enough space for 14 regional port authorities.”
The reviewed strategy is set to update the original port authority document drafted in 2005.
A mid-term growth scenario forecasts that the national port system will handle 2.87mn TEUs in 2016 and 3.71mn TEUs in 2020.
In order to achieve that, the total amount of committed public and private investments in port infrastructure will reach US$857mn in 2015, compared to US$123mn in 2012.
Callao is expected to be Peru’s main port, with 27Mt and 41Mt capacity in 2015 and 2025 respectively.
But for Boyle, Callao is not a tipping point: “We have to go beyond Callao because there are projects north to south that will heavily affect Peru’s exports in areas such as mining, petrochemicals and irrigation projects,” he said.
Talara’s port, which mainly serves the needs of PetroPeru’s refinery in northern region of Piura, is expected to become the second largest port in the country, with over 4.46Mt handled in 2025, followed by Matarani (3.88Mt), Paita (3.27Mt), Salaverry (2.88Mt), Shougang Hierro’s mining terminal in Ica (2.85Mt) and Pisco’s port (2.56Mt).
At the same time, APN is assessing 22 projects for private terminals, most of which would focus on servicing the mining industry.
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