Project detail - APM TERMINALS CALLAO S.A.

APM TERMINALS CALLAO S.A.

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Who is our client

APM Terminals Callao (APMTC) was incorporated in April 2011 under Peruvian Law. It is 80% owned by APM Terminals B.V. (APMT) and 20% owned by Central Portuaria S.A.C. APMT is one of the world's leading container terminal operators in the world, having handled 35.4 million containers in 2012. It is a Dutch company headquartered in The Hague with operations in 68 countries and 25,000 employees. In 2012 APMT generated EBITDA of US$ 1.1 billion in revenues of USD 4.8 billion. APMT is ultimately owned by A.P. Moller-Maersk.

Funding objective

The project represents stage 1 and stage 2 investments required under the concession agreement signed between APMTC and the Government of Peru, in order to develop the existing North Dock in the Port of Callao. The project is intended to modernize and expand the Terminal’s container handling facilities to meet world class standards, and improve the efficiency of the Terminal's non container handling facilities. It includes demolishing and rebuilding its main container and grain handling berths, constructing a new container berth to establish a new 660 meter container quay, installing new container handling equipment, and developing the container yard and supporting infrastructure.

Why we fund this project

The Project is highly developmental as it will provide much needed capacity and service level improvement for the region. FMO's additionality in the project comes from long-term US$ financing, which is in line with the long term nature of the project.

More investments

Date Total FMO financing
10/19/2017 USD 22.79 MLN
12/16/2014 USD 6.91 MLN
Region
Latin America & The Caribbean
Country
Peru
Sector
Infrastructure, Manufacturing and Services
Signing date
4/30/2013
Total FMO financing
USD 30.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B+