Important economic boost in the south due to the port project in San Juan de Marcona

The southern region of the country is on track to experience a significant economic boost thanks to the development of the San Juan de Marcona New Port Terminal project, which could attract investments worth over US$15 billion. This news has been announced by the Private Investment Promotion Agency (ProInversión), generating growth expectations in the region. The Marcona New Port Terminal project, which requires an investment of approximately US$405 million, will benefit numerous provinces and districts in regions such as Ica, Ayacucho, Apurímac, Cusco, and Arequipa. It is expected that this initiative will not only create jobs and improve the quality of life for the population but also drive the reactivation of nine mining projects in the area, with investments ranging from US$2 billion to various amounts earmarked for the expansion and development of the mining industry in the region. Furthermore, the project could boost the construction of the Andahuaylas - Marcona Railway, undertaken by the State with an estimated investment of US$5 billion, with the aim of revitalizing the southern mining corridor. Additionally, it is anticipated that the petrochemical industry in the region will also benefit from an additional investment of over US$2 billion. In comparison to the Callao port, it is estimated that the Marcona port could handle a significant amount of cargo tonnage, positioning it as a key player in the logistical development of the region. The construction and operation of the San Juan de Marcona New Port Terminal is projected to significantly increase the Gross Domestic Product (GDP) in the influence area, with estimates suggesting an increase of up to S/38 billion. One of the standout aspects of this project is the implementation of a Social Fund through a Public-Private Partnership (PPP), which will receive 3% of the concessionaire's annual gross income. It is estimated that this fund could exceed S/290 million over the 25-year operation of the terminal, allowing for the execution of projects that directly benefit the local population in terms of humanitarian assistance, infrastructure, basic services, and job creation, among others. In summary, the development of the San Juan de Marcona New Port Terminal promises to be a catalyst for the economy of the southern region, attracting multimillion-dollar investments, creating jobs, and improving living conditions for the population in the region.