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Peru Approves Addendum Extending Matarani Port Concession, Clearing $698 Million Upgrade

Next is a brief publication window before signing to formalize updated transparency terms.

Overview

  • The executive published Supreme Decree No. 015-2025-MTC approving Addendum No. 5 to the Matarani concession with Tisur.
  • The concession, previously set to expire in 2029, may be extended by up to 30 additional years under new operator obligations.
  • The measure enables a reported US$698 million modernization program featuring a new multipurpose berth, a large breakwater, pier renewal and electric cranes.
  • Two-thirds of the planned spending is slated for the next four years, including a 40,000-ton mineral warehouse and a dedicated container area.
  • The addendum will be posted for 15 business days before a final signing expected in the coming weeks, incorporates an anti-corruption clause, and followed a multi-agency review that found no public funding commitments.