Peruvian president Ollanta Humala visited APM Terminals’ Callao facility this week to inspect the company’s US$750m upgrade of the port’s North Terminal.
Once finished, the project will double the terminal’s annual container capacity from 800,000 TEUs to 1.6m TEUs and is expected to boost its role as hub for transpacific trade routes. When the upgrade of APM Terminals Callao is complete, it will represent an annual container throughput capacity of 2.9m TEUs and 15m tonnes of bulk cargo.
APM Terminals Callao’s managing director Henrik Kristensen said the upgrade would help make the port a world-class facility capable of handling the largest vessels in the transpacific trade.
“This is a proud moment for us to demonstrate to President Humala the important role we are playing in Peru’s future through new port infrastructure, combined with the safety and productivity standards of the APM Terminals Global Terminal Network,” he said.
There are five phases to the terminal’s expansion project, the first two of which include the building of new administrative offices, dredging the channel and berth, expanding the container yard and the installation of four Super Post-Panamax cranes.
Located to the west of Lima, the port of Callao is the busiest container port on the west coast of South America and the third busiest on the continent, whose container throughput is projected to double in the next five years. APM Terminals Callao handled around 500,000 TEUs in 2013, a 23 per cent increase on the previous year.
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