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THE UAE's DP World Callao's will invest US$333.6 million in the expansion which includes the expansion of the current pier to 960 metres from 650, the expansion of the storage area to 30.3 hectares and the installation of two new quay gantry cranes, reports Colchester's Seatrade Maritime News.
"With these works, the South Pier and DP World Callao continue working for a much more competitive terminal with world standards, in order to boost foreign trade and contribute to the dynamism of Peru's economy," said National Port Authority Board chairman Edgar Patino Garrido.
With this investment, Callao South Pier Terminal will have the capacity to simultaneously handle up to three neopanamax vessels, which are more than 300 metres and have a capacity to move 14,000 TEU. Construction is to begin next year.
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