DP World laid the foundation stone yesterday for the start of work on a US$300 million container terminal at the Peruvian port of El Callao.
The terminal when completed in 2010 will double the port's per year, compared to 600,000 currently.
El Callao is the biggest port in South America with 70 percent of Peru's goods traffic passing through it.
DP World, in association with Peruvian company Uniport, obtained the concession for the terminal for 30 years.
In the first phase, $210 million will be invested in two berths comprising 660m of quay line and 22 hectares of yard, capable of handling vessels of 5,500 TEU nominal capacity and about 800,000 TEUs.
Further development will be phased in line with demand, with total capacity projected to reach around 1.2 million TEUs.
The development will also see improvements in port-related infrastructure including land access, widening of the port's sea entrance, navigation aids, security and protection systems, and the development of logistic centres.
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