The Private Investment Promotion Agency (Proinversión) reports that the Salaverry Terminal Internacional (STI) project, promoted and awarded in 2018 by the entity itself, received financing of US$115 million for a term of 20 years. This plan is being executed through the Public-Private Association (APP) modality.
Of the US$115 million in financing, IDB Invest contributed US$50 million, completed by a second tranche of US$65 million contributed by institutional investors who subscribed a bond via a private offer, for 20 years, the longest term recorded in Peru for PPP projects . This important financing represents great support from the IDB and institutional investors for a PPP project in Peru.
The long-term financing will guarantee the sustainability of the operations within the Terminal and will favorably affect the reduction of logistics costs with the consequent strengthening of the competitiveness of the La Libertad region and the north of the country.
The Salaverry Port Terminal It has established itself as one of the most important ports in the northern region of the country thanks to the investment of more than US$156 million in the modernization, rehabilitation and expansion of docks.; in permanent dredging, to receive larger draft vessels and maintain the necessary operating depths; in the hydraulic mooring system (shore voltage); as well as mobile cranes, complementary equipment, storage areas for solid bulk, break-bulk and general cargo, minerals, among others.
In the first two years of the concession, it obtained the record in the mobilization of volumes of products such as corn, wheat, soybeans and agricultural fertilizers in vessels of up to 45,000 tons per operation, increasing its productivity by 35%.
Source: Larepublica
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