DP World in talks to extend Callao concession to 2066

AI Summary

DP World is negotiating with the Peruvian government to extend its Callao port concession by 30 years, through 2066. The proposed extension is linked to an additional $1.47 billion investment in the South Pier container terminal.

DP World is in talks with the Peruvian government over a 30-year extension of its concession at Callao in return for a further $1.47bn investment programme. Peru’s Ministry of Transport and Communications (MTC) has held fresh discussions with DP World Callao over proposed Addendum No. 4 to the concession for the South Pier container terminal. …