San Martin de Pisco port terminal

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The project involves the design, financing, construction, operation and maintenance of the General San Martin Port Terminal - Pisco for a period of 30 years. Ministry of Transports and Communications (MTC) has awarded the concession contract to a consortium made up of 3 companies - Servinoga, Pattac Empreendimentos e Participações, Tucumán Engenharia e Empreendimentos. Servinoga controls 35% stake in the consortium. Another 32.5% is for Pattac and Tucumann has 32.5% too. The company will be able to operate the port for the next 30 years. The contract was awarded following a competitive bidding process based on highest complementary investment. The capacity of the project is 100,000 TEUs. Total investment in the terminal is estimated at $215 million. Santander, CAF and COFIDE acted as lenders. Project financing amounted to $183 million. Equity contribution is $32 million. Remaining debt financing is provided by Santander and Caixabank. Construction started in May 2018 and financial closure in March the same year.