*Peru’s investment promotion agency (Proinversión) has said that it expects a planned new port in the Ica region to generate over US$15bn in investment in southern Peru. The San Juan de Marcona port, in Ica’s Nazca province, requires investment of around US$405m. Proinversión said that the port’s development would reactivate at least nine mining projects in the south of the country, boost the import and export sector, and could spur the development of a railway from Andahuaylas (Apurímac region) to the port. These benefits would predominantly be felt in 29 provinces in the regions of Ica, Ayacucho, Apurímac, Cusco, and Arequipa. The new port would be the third largest in Peru, after the El Callao and Chancay ports, which sit to the west and north of the capital Lima.
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LatinNews Daily - 19 March 2024
In brief: Peru highlights investment opportunities from planned port
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