📋 Tender Overview
Letter from Swiss giant presents $1.2 billion proposal.Through a letter of interest, sent on November 3 to the Regional Government of Tacna, the international business group EDCG WORLD Analytical & Financial, through its represented company EDCG Peru S.A.C., expressed its formal interest in investing in the Almirante Miguel Grau port terminal project.
The document addressed to the regional governor of Tacna, Luis Torres Robledo, states we formally express our intention to invest in the construction of the future Almirante Miguel Grau Port Terminal of Tacna in Peru. We hope that cooperation with the government of the Republic of Peru will contribute to the creation of new projects and unique solutions, which, in addition, will allow Latin American countries to improve commercial and financial communications.
This same letter mentions the willingness to support the possibility of expanding the project, through the presentation of a 100% private initiative for public use, to have a larger, modern, efficient and eco-friendly infrastructure, which also allows the growth of the port terminal itself in the long term.
The business group located in Zurich/Switzerland includes 189 companies from France, Germany, the USA, the United Kingdom, the United Arab Emirates, Australia, Japan, Italy and India in its Trade and Finance Group, these being investment, financial, trust, manufacturing, industrial and construction organizations, duly endorsed by EDCG (WB energy derivatives administrator), which has a history dating back to 1903.
This new letter of interest opens possibilities for the port to be executed with European and Asian capital, with a projection of growth and expansion, with up to the possibility of investing 1.2 billion dollars in various development projects, a fact mentioned by this group of companies that have already executed the ports of Lobito in Angola and Chennai in India; most recently the Rotterdam World Gateway (RWG), the Cabinda refinery, the modernization of the port of Luanda and the Crown Kakinada LNG terminal.
The Master Plan approved by the National Port Authority for the Almirante Miguel Grau port has an approximate investment amount of $450 million, the financing of which will be through a Public Private Association (PPP). This port benefits not only Tacna, but also the regions of Arequipa, Moquegua, Apurimac, Cusco, Puno and Madre de Dios, being of the multipurpose type, with a projection of 223 million metric tons by 2053.
The Puerto Grau project is currently considered in the Multiannual Investment Plan of the National Government, through the Ministry of Transportation and Communications (MTC), which represents important institutional support to advance towards its future execution.
Other investment proposals
In April of this year, the United States company Anu Global Green Energy Holdings sent its letter of intent with up to $23 billion in support for its investment in the port; while the International Port and Investment Consortium TUZEL proposed investing US$ 500 million in the project.
These letters of intent reinforce the interest and public need to execute the port of Tacna to give true economic movement to the southern region of the country.
