NEW MARCONA PORT WILL BENEFIT 29 PROVINCES OF ICA, AYACUCHO, APURIMAC, AREQUIPA AND CUSCO
Lima, November 13, 2024.- The investments in the New San Juan de Marcona Port Terminal, awarded by the Private Investment Promotion Agency – PROINVERSIÓN, will have a significant impact on the economic and social development of 29 provinces and 280 districts in Ica, Ayacucho, Apurímac, Arequipa, and Cusco.
The agency specifically highlighted in a study the economic and social impact of the project, a result that was presented at the XXVIII International Congress on Project Management and Engineering, held at the University of Jaén (Spain).
According to the study carried out by the team from the Data Analysis, Research and Strategic Intelligence Unit of PROINVERSIÓN, investments throughout the concession period of the project would generate an increase in real GDP, as well as in the years of education of the inhabitants between 11.8% and 14.6%, as well as an increase in employment of 3.2% within the area of influence of the project.
The increase in the average number of years of education and employment will translate into improved human talent and, therefore, greater productivity and competitiveness of people, which will allow for higher incomes and improve the quality of life of families.
Likewise, the Inter-American Development Bank (IDB), through the Public-Private Partnerships Evaluation Network, is reviewing this and other studies conducted by PROINVERSIÓN. These actions aim to improve the accuracy of the estimated impacts, ensuring a more rigorous and informed analysis.
It should be noted that the project was awarded to the company Terminal Portuario Jinzhao Perú SA, which will be responsible for the design, financing, construction, operation and maintenance of the New San Juan de Marcona Port Terminal during the 30-year concession.
The port terminal, having the characteristics of a multipurpose public port, will be able to handle other mining and non-mining cargoes requested by any user. It is expected to boost mining investments of over US$ 15 billion in the south of the country, generating economic growth, employment, improved income and quality of life for the population.
It could also boost the development of the Andahuaylas – Marcona railway, worth approximately US$5 billion, to revitalize the southern mining corridor.
Another important component is that thanks to the Public-Private Partnership model designed by PROINVERSIÓN, a social fund will be established that will receive 3% of the gross income of the concessionaire, that is, about S/ 11.6 million per year and more than S/ 290 million in 25 years of operation of the terminal.
Source: Press Release – PROINVERSIÓN