From Tuesday, June 12th to Monday, June 18th, 2018
Grupo Bayona evaluates the development of a port project in Arequipa with an estimated investment of US$ 150 million
The company Puerto Sur Peru, part of the Bayona Group, reported that the construction of a first stage of the port terminal in Acari (Arequipa) will require an estimated investment of US$ 150 million, and will allow the transport and export of iron ore from Andahuaylas.
Frank Boyle, chairman of the company's board, said they are currently in conversations with US investors for a potential strategic agreement and construction of the project. The company expects a preliminary agreement to be reached between June and July. If this is not achieved, negotiations are expected to continue during the second half of 2018. However, the development of the port project will be linked to the development of the Bayona Group's mining project in the south of the country.
The executive said that the development of the port terminal would not affect the development of other port projects in the south of the country, such as the San Juan de Marcona terminal.