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2h ago

Peru Clears Matarani Port Concession Extension, Unlocking $700 Million Upgrade

The decree moves the deal to a 15-business-day publication period before final signature.

Gobierno aprueba ampliación del Puerto de Matarani con inversión de US$700 millones
La decisión, adoptada mediante decreto supremo, coloca a Matarani en la recta final del proceso de renovación de concesión. (Foto: Tramarsa)
La modernización del Puerto de Matarani está a cargo de Terminal Internacional del Sur S.A. (TISUR).

Overview

  • The government issued Supreme Decree No. 015-2025-MTC approving the text of Adenda No. 5 to the Matarani port concession.
  • The addendum allows TISUR to extend the contract by up to 30 years beyond its 2029 expiry in exchange for a roughly $698–700 million modernization program.
  • Two-thirds of the investment is slated for the next four years to add a multipurpose berth and breakwater, renew the current pier, install electric cranes, build a 40,000-ton minerals warehouse and establish a container area.
  • Reviews by MEF, ProInversión, Ositran, the National Port Authority and the Comptroller concluded the change preserves the contract’s economic balance, and the decree incorporates an anticorruption clause.
  • The adenda will be posted for 15 business days on MTC and APN portals prior to signing, with projected impacts including about 1,800 construction jobs, an estimated $356 million fiscal contribution and expanded capacity for upcoming southern mining projects such as Zafranal.