U.S. awards grant to Peru for new container terminal study
The U.S. Trade and Development Agency has awarded Peru’s Ministry of Transportation and Communications a $300,000 grant to complete the study to develop a new container terminal at Callao.
The agency said the grant would help the Peruvian government “re-evaluate an outdated master plan.” The study will also include recommendations for integrating future development projects with the new container terminal.
Callao is Peru’s main seaport and one of the largest on the Pacific coast of South America.
“Currently, the volume of goods that pass through the port greatly exceeds the designed capacity,” USTDA said. “Moreover, the absence of complete and modern container facilities is adversely impacting the efficiency and competitiveness of the port.”
The Peruvian government recently created laws and regulations to privatize the port to bring up to international standards and attract foreign investment.