DP World is negotiating with the government of Peru to extend its contract at the Callao container terminal for another 30 years. This extension may come with a new investment of $1.47 billion.
Contract Details and Investment
The Ministry of Transport and Communications of Peru (MTC) has initiated new negotiations with DP World Callao regarding Addendum No. 4 to the South Pier container terminal contract. This addendum extends DP World's operational period from 2036 to 2066. The proposed investment package includes expanding terminal infrastructure and equipment, improving road access, and creating new facilities for managing truck traffic around Peru's main container gate.
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Infrastructure Development and Its Impacts
Initial estimates indicate that around $250 million will be spent solely on developing truck facilities (antepuerto). This proposal is currently being evaluated by the government and requires coordination between the Ministry of Transport and Communications, the National Port Authority, Provías, and the Callao municipality.
DP World has already made significant investments in this port. The expansion of the Bicentennial terminal, costing $400 million, was completed in 2024, increasing the terminal's annual capacity to 2.7 million TEU. This terminal also features a 1,050-meter dock capable of simultaneously accommodating three ultra-large container ships.
The South Pier terminal recorded a record 2.079 million TEU last year, accounting for approximately 62.5% of the total container traffic in Callao. This new investment is currently taking place amid increased competition on the coasts of Peru with the rapid opening and development of the Cosco Chancay port in northern Lima.
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