APM Terminals Callao has started a $95 million expansion project, which is the third phase of the Kayao Port Multi functional North Terminal Modernization Project.The company held a symbolic groundbreaking ceremony, attended by Peruvian President Dina Boluarte, Chairman of the National Ports Authority Walter Tapia, Minister of Transport and Communications, and Minister of Foreign Trade and Tourism.The expansion project will include the construction of a battery consisting of 12 vertical silos for storing clean grains. This will increase production capacity from 25000 tons to 85000 tons. In addition, a paved area of 2.13 hectares will be constructed, and significant improvements will be made to the entrance of ordinary goods.International Logistics Port CompanyWhen the annual throughput of the terminal reaches 1.1 million TEUs, the 3B phase will begin with an investment of 328 million US dollars. However, APM Terminals Callao will seek an investment of approximately $500 million, exceeding its contractual obligations by 50% in the appendix.In Phase 3B, an additional 440 meter full container berth will be added and dredging work will be carried out to facilitate the berthing of container ships with a length of 400 meters and a draft of 16 meters, benefiting both general and container cargo customers.The acquisition of 4 ship to shore super Panamax gantry cranes, 12 electric rubber tire gantry cranes (eRTG), and 33 dock trucks will increase the port’s processing capacity to handle over 2.8 million TEUs, more than double its existing capacity.Similarly, the existing Piers 1 and 2 will be demolished and rebuilt with a more modern design and a berth capacity of 220 meters. A 7-hectare paved yard will be constructed for container and general cargo storage.Lars Vang Christensen, CEO of APM Terminals Callao, said, “We are pleased and proud to have launched the next phase of our modernization project – investing $1.2 billion in the country’s most important public port.””For over 12 years, APM Terminals Callao has taken on the challenge of leading the significant transformation and development of the port of Cayao, improving the connectivity standards between Peru and global trade.””In addition, as part of Peru’s key infrastructure, we currently provide services for over 70% of ordinary goods and 40% of container goods in Peru,” he added.
