Investments pick up in Peru ports and airports

Some US$12.3mn in investments were made in Peru’s port sector and US$15.2mn in the airport sector in January.

Transport regulator Ositran also said investments in transportation infrastructure amounted to US$31.5mn, up 52.4% year-on-year.

Around US$3mn was spent in the highway sector and US$1mn in the rail sector.

The port sector will remain dynamic in 2024, as US$11.6mn of January’s investments went to the Callao South Pier expansion, US$261,000 to the Salaverry terminal, US$215,000 to the San Martín port terminal in Pisco and US$159,000 to the Paita port terminal.

At the end of 2023, progress on the South Pier had reached 80%. Considering the US$350mn overall price tag and the January figures, US$58.4mn would have to be invested by April, when works are scheduled to be concluded. The expansion will increase cargo capacity by 80%.

In the airport sector, a group of 12 regional facilities received US$14.5mn in January. In 2023, this group received US$23.7mn.

The owner of the US$2bn Jorge Chávez international airport, Lima Airport Partners (LAP), said in a presentation that construction progress stands at 77% and operations will start in December.

CEO Juan José Salmón said the company attracted over US$300mn in additional third-party investments.

OTHERS

The Chancay megaport, whose US$1.3bn first phase will be concluded in November, is 70% complete, Cosco Shipping Ports Chancay Perú deputy CEO Carlos Tejada told local media. In mid-January, progress had reached 60%, port authority APN reported.

The US$743mn Chinchero del Cusco international airport (AICC) should be 23% complete but reached only 12% due to delays and bad weather, according to a transport ministry press release. Minister Raúl Pérez Reyes announced that an addendum will be made to the contract to allow the consortium to accelerate construction starting in March.