Peru Awards $182M Port Contract

By MarEx 2014-05-01 09:30:00

Peru awarded a $182.4 million contract for the construction and operation of a maritime port to a consortium of Brazilian and Spanish companies, the government said on Wednesday.

Consorcio Paracas beat out two other bidders on the project, including a local unit of APM Terminals, owned by the Maersk Group, state investment agency Proinversion said.

The winning consortium was formed by Spain's Servinoga and Brazilian companies Pattac Empreendimentos e Participacoes, Tucumán Engenharia e Empreendimentos and Fortesolo Servicios Integrados.

The terminal port near Peru's southern coastal city of Pisco, which the consortium will manage through a 30-year concession, is expected to speed up mineral shipments from the Andean country's southern mines.

Copyright Reuters 2014.

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