Project detail - APM TERMINALS CALLAO S.A.


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

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.

What is our 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 do we fund this investment?

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
1/19/2021 USD 22.79 MLN
12/16/2014 USD 6.91 MLN
Latin America & The Caribbean
Infrastructure, Manufacturing and Services
Effective date
Total FMO financing
USD 30.00 MLN
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)