UAE – Mubasher: DP World has completed a $400 million expansion project at the Port of Callao in Peru, according to a recent press release.
The deal will enlarge the container handling capacity at the South Terminal by 80%, anchoring 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 650 metres to 1,050 metres, making Callao one of the few ports in South America capable of accommodating three vessels simultaneously.
The project is expected to widen the annual handling capacity from 1.50 million twenty-foot equivalent units(TEUs) to 2.70 million TEUs, while the container yard space has also been expanded to a total of 40 hectares.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: "The Bicentennial Pier project is a landmark achievement for us in Peru. Our $400 million investment represents our unwavering commitment to supporting the region’s economic growth and solidifying Callao's position as a premier logistics hub, setting a new standard for sustainable port operations in South America."
Carlos Merino, CEO of DP World in Peru and Ecuador, said: “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. This expansion significantly enhances our capacity and operational efficiency.”
“In conjunction with other DP World ports in the region, it solidifies our commitment to enhancing the connectivity and economic vitality of Peru and the entire region,” Merino highlighted.
He added: “This expansion is not just about increasing capacity; it's about setting a new standard for port infrastructure in South America.”
Along with the pier extension and container handling, the project also deploys advanced electric-powered equipment, including 15 electric cranes and 20 electric internal transport vehicles (ITVs). This makes it the first port terminal in the world to acquire a fleet of this magnitude.
Earlier this month, DP World rolled out plans to establish a new logistics park in Ain Sokhna through an investment of $80 million.
