In its first two full years of operations between 2012 and 2013, and despite the ongoing expansion, APM Terminals Callao has seen a
- 59% increase in the number of vessels and
- 21% increase in container and general cargo volume
“Callao handles the entire scope of cargo that comes in and out of Peru. You can see the economy moving through this port every day,” says Dallas Hampton, who became Managing Director of APM Terminals Callao, Peru in September 2014.
“With the deeper draught and cranes to accommodate the largest ships and all the investments coming in the general cargo side, we’re building a port that will effectively support Peru’s future growth. As it nears completion, it will no doubt have the potential to make Callao a trade hub for the west coast of Latin America.”
APM Terminals is investing USD 750 million over its 30-year concession to expand and modernise both the container and general cargo sides of the Callao terminal. Because of the port’s importance to Peruvian trade, it is one of Peru’s key transportation infrastructure projects.
Callao, located 20 km from the capital city of Lima, is Peru’s most important port, handling more than 80% of the trade for a nation of 30 million, which has seen its GDP grow an average of 6.5% over the last five years.