Report: Port investment in Peru may top $1bn in 2009

The Latin American nation of 30 million people is preparing to undertake major investments in its Pacific and Amazon River ports by tendering several concessions to private investors next year.

Private investment in port infrastructure in Peru next year may top $1 billion dollars, according to a report published by the Peru News Agency.

The $1 billion figure represents the total investment the Latin American country expects next year in its ports assets from pending concession processes and private projects in the pipeline, though a detailed tabulation for each is not provided.

The concession of the northwestern Pacific port of Paita is expected to be awarded in the first quarter of 2009 and to bring in investments of $100 million, said Frank Boyle, the head of Peru’s National Port Authority, according to the report.

The authority also will award two Pacific port concessions on the country’s Southern coast. One will be in the port of San Martín in Pisco, expected to require $75 million in the first stage. It is expected to be awarded in the middle of next year. The other, a concession at the San Juan de Marcona marine reserve near Nasca, will require an investment of $170 million in the first stage. 

The Amazon River ports of Pucallpa and Iquitos, both located in the country’s northernmost province of Loreto, also are expected to tender concessions next year and would represent investment of around $50 million dollars.

Peru’s National Port Authority did not return repeated calls seeking comment.