APM Terminals to grant USD$3-million for development of a new modern commercial fishing terminal at the Port of Callao, Peru.
The local fishing industry had been concerned about potential displacement with the ongoing construction of a new expanded cargo facility at the port.
The recently signed agreement clears a potential obstacle for the scheduled development and expansion of the port’s North Terminal, now operated as APM Terminals Callao.
The Callao fishing fleet is comprised of approximately 400 fishing ships, which will now receive improved anchorage and support facilities distanced from the large commercial vessels calling the adjacent new container quay called for in the first phase of the North Terminal expansion project.
The APM Terminals support will provide for the modernization of the fishing dock, including the installation of new lifting equipment, weighing scale, freshwater tank, sewage pump, and the construction of modern sanitary amenities, a new canteen and the renovation of the administrative building.
New anchoring buoys and pontoons will enable part of the fishing fleet to be located outside the breakwaters, reducing the number of vessels inside the port area, improving the overall safety of the port. The total cost of the new construction and equipment and renovation project is estimated to be USD$3-million , and will begin immediately.
APM Terminals assumed operational control of the North Terminal in July 2011 and handled 253,000 TEUs in the last six months of the year. The company has invested USD 32 million in the first 12 months. The terms of the concession include the investment of $749 million USD to update and expand the existing facility into a modern multi-purpose terminal serving general, Ro-Ro, break bulk and containerized cargoes as well as cruise ships.