Investment promotion agreement
Peru’s investment promotion agency, ProInversión, and the regional government of Arequipa signed an agreement on October 12 to promote the proposed Corío port and its surrounding logistics development. The terminal is estimated to require US$844.48 million across three stages.
Regional governor Rohel Sánchez said investors from the United States, China and India had expressed interest, Reuters reported. He did not identify the companies. The agreement concerns investment promotion, and no successful bidder or completed financing arrangement was announced.
A logistics platform for southern Peru
According to Gestión, the first stage is estimated at US$651.98 million. Subsequent stages would add berthing, storage and rail components. Plans also envisage a logistics city covering more than 34,000 hectares, with distribution centres, industrial parks and activities that add value to goods.
Officials present Corío as a potential link between southern Peru, Brazil, Bolivia and Asia-Pacific markets. The master plan includes facilities for bulk cargo, general freight and containers. These are proposed capabilities rather than existing operations.
International trade and project development
ProInversión president Luis del Carpio did not rule out using the port to ship locally sourced copper to Asia. Reuters placed the investor interest in the context of China’s substantial role in Peruvian infrastructure and Washington’s efforts to limit Chinese influence in Latin America.
The immediate task is to attract investment for the port and associated facilities. The agreement expands promotion of a project with a regional trade purpose, but its announced investment estimates and projected economic benefits should not be treated as money already committed or results already achieved.
Reference
Aquino, M. (2026, October 12). US, Chinese and Indian firms show interest in Peru’s $844 million port project. Reuters.