Matarani Port

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TISUR was awarded the contract to expand, rehabilitate and operate the facilities at Matarani Port for a 30-year period. TISUR is wholly-owned by Santa Sofia Puertos, a subsidiary of Grupo Romero. TISUR will invest US$ 16.6 million during the concession period, besides the US$ 9.7 million paid to the government for the concession rights (the private sponsor will also pay the government 5% of the gross port revenues in fees and 1% of the gross revenues to Ositran, the public transport company responsible for monitoring the project). The project was awarded in May. 1999 and TISUR took over the port operations in Aug. 1999. In 2000, the private sponsor has requested a loan from the IFC. Terminal Internacional del Sur (Tisur) received an area in the Islay bay, at Matarani port, to build a terminal for mineral concentrate, according to a resolution of the transport ministry in the state gazette.The area, of nearly 200,700 sq m (2.16m sq ft), was given to Tisur through an annex to its concession contract. In return, the operator had to pay to the state 9.85% of the gross revenue from the new terminal every month.The company committed to invest USD 140 million (EUR 101.4m) in the project. Located in Arequipa region, as of 2013, Matarani handles annually some 3 million tonnes, including containers, solid and liquid bulk, machinery and vehicles. In August 2014, Tisur was granted a loan package to finance the expansion of the port facilities. The US$ 335 million in additional investment was directed to double the port's cargo handling capacity to 6 million tons/year. Financing comprised a US$ 280 million 13-year term loan arranged by Mizuho, SMBC, Credit Agricole and Natixis. The remaining of the expansion costs was set to be equity financed.