Port of Callao, Peru
No sooner than it starts up operations, APM Terminals faces the challenge of a new government in Callao
The incoming Peruvian government has warned that the existing contract with APM Terminals at its new Callao North Terminal could be renegotiated if it deems that any clauses are not in the interests of the country.
Politicians are said to be particularly concerned by the 17% level of profits payable to Enapu.
APM Terminals commenced operations at the new Callao North Terminal last month, after being awarded the concession in May. In all, 430 former Enapu dockers have been employed by the new operator, equivalent to around 90% of the former workforce.
The global operator plans to invest a total of $307m over two phases.