The concession contract finalized on May 12th called for APM Terminals to assume operational control of the terminal within 60 days of signing the concession agreement. On May 1st the Government of Peru had named APM Terminals Callao the winner of the bidding process. 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 cargos as well as cruise ships.

From Dredging Today