Indecision hinders Peru's Callao North quay development

Callao Port Authority says it wants to speed up the process of developing its North Quay project.

A project, initially presented by DP World, is undergoing technical and economic feasibility assessment. If it is approved, other bidders will be given 90 days to submit bids of their own. Investment of more than $550m will be ultimately required.

Lima’s chamber of commerce prefers a direct concession for the facility, rather than a public-private partnership. This is because the state will not be directly involved. However, in the meantime, Enapu, the State Port authority, says it is looking to define a "strategic partner" for the modernisation.

So far, DP World has presented a $1.3bn project for the development, APM Terminals one of $1.9bn and now ICTSI and an unknown fourth bidder have declared an interest.

DP World, which presented its proposal in 2008, is openly critical about the government's delay in making a decision. A company spokesperson defined government policy as "all talk, and nothing happens". DP World's proposal also leaves no room for government involvement in the eventual project.

The State Transport and Communications Ministry remains unhappy about having a single concession holder in sole charge.

(Source: Port Strategy)