THE NEW MARCONA PORT WOULD BOOST INVESTMENTS OF MORE THAN US$ 15 BILLION IN THE SOUTH OF THE COUNTRY
Lima, March 18, 2024.- The Private Investment Promotion Agency (PROINVERSIÓN) reports that the development of the “New San Juan de Marcona Port Terminal” project would reactivate investments of more than US$ 15 billion in the south of the country and will impact economic growth, employment generation, improvement of income and quality of life of the population in the area of influence.
This multipurpose port project, declared of interest by the State, requires an investment of approximately US$ 405 million and will benefit 29 provinces and 280 districts in the regions of Ica, Ayacucho, Apurimac, Cusco and Arequipa.
Its implementation will reactivate at least nine (9) iron, copper, zinc and molybdenum mining projects in the southern area, such as Pampa del Pongo (US$ 2 billion), Hiero Apurímac, Mina Justa, Insumos, Explotación de Relaves, Los Chancas, Antilla, Trapiche and Constancia.
In addition, this public port will allow the development of new industrial, commercial and service projects in the area of influence linked to import and export activities.
It could also promote the development, by the State, of the Andahuaylas-Marcona Railway of approximately US$ 5 billion, with the purpose of revitalizing the mining corridor in the south; the Ministry of Transport and Communications (MTC) has been completing studies on this project.
Additionally, the New Terminal could reactivate the development of the petrochemical industry in the south of the country, with an investment of more than US$ 2 billion.
In this sense, this great project - which will be the third largest port in the country, surpassed by El Callao and Chancay - is destined to be the great driver of economic growth and development in Marcona and the south of the country.
In terms of tons of cargo, the Marcona Port has seen an average annual demand of 19 million tons and a potential of more than 40 million tons; while the ports of Callao (North Pier and South Pier) handled 35.7 million tons of cargo and Chancay expects 34 million tons of cargo, respectively.
GDP AND EMPLOYMENT
The construction and operation of the modern terminal will generate, at the end of the concession, an increase in real Gross Domestic Product (GDP) of up to S/ 38 billion in the area of influence (Ica, Ayacucho, Apurimac and Arequipa); it will also allow the economically active population to increase by approximately 80,000 people in the area of influence (Ica, Ayacucho, Apurimac and Arequipa) and generate higher income and better quality of life for families; in Marcona alone it would create 1,500 jobs in the first five years of concession of the port.
SOCIAL FUND
Thanks to the Public-Private Partnership (PPP) model designed by PROINVERSÓN, a Social Fund will be established that will receive 3% of the annual gross revenues of the concessionaire (starting from the start of its port operations and until the expiration of the concession contract). According to conservative estimates, the total contribution of the project to the Social Fund would exceed S/ 290 million in the 25 years of operation of the terminal, which means more than S/ 11.6 million per year, to implement humanitarian care projects, as well as infrastructure projects, basic services and the generation of productive employment, among others.
In this way, the New San Juan de Marcona Port Terminal project, prioritized by the State, will put Marcona in the spotlight of the world, bring progress and greater well-being to its population.
Source: Press Release – PROINVERSIÓN