Project detail - APM TERMINALS CALLAO S.A.

Who is our customer

APM Terminals Callao (“APMTC”) was incorporated in April 2011 under Peruvian Law and is majority owned by APM Terminals B.V. (“APMT”). APMT is one of the world’s leading global port operators, having handled 37 million containers in 2016. It is a Dutch company headquartered in The Hague with operations in 69 countries and 25,000 employees. APMT is ultimately owned by A.P. Moller-Maersk. APMTC is an existing multi-use terminal in the Port of Callao, Peru, operating under a 30-year concession granted in 2011.

What is our funding objective?

The project represents Stage 2A investments totalling USD 56.8 mln, comprising of a portfolio of projects that will enhance the commercial proposition of the general cargo business. It includes the construction of a new grain storage warehouse - improving productivity 4 times - the construction of a bulk storage warehouse, the refurbishment of an existing pier and the acquisition of general cargo equipment.

Why do we fund this investment?

The Project is highly developmental as it will provide much needed capacity and service level improvement for the region. FMO's additionality in the project comes from long-term USD financing, which is in line with the long term nature of the project.

What is the Environmental and Social categorization rationale?

The E&S risk category is B+. The main risks are operational health and safety, workers’ relations and relocation and relations with the fishermen. These are mitigated through sound management practices, improved worker rostering and active cooperation with the government and the fishermen, respectively. The planned installation of the new equipment and the refurbishment of the existing pier 7 will be within the current terminal and do not increase the E&S risk significantly. Triggered IFC Performance Standard ("PS") at the project level: • Performance Standard 1: Assessment and Management of Environmental and Social Risks and Impacts • Performance Standard 2: Labor and Working Conditions • Performance Standard 3: Resource Efficiency and Pollution Prevention • Performance Standard 4: Community Health, Safety and Security • Performance Standard 5: Land Acquisition and Involuntary Resettlement The Port of Callao is located within a modified coastal habitat, highly intervened by human activity, where the basic ecological functions of the ecosystem have been disturbed for years. As further material disturbances to the basic ecological functions of the terrestrial or marine ecosystems are not expected as a result of the Project, PS6 does not apply. There are no indigenous peoples or territories in the Project’s direct or indirect area of influence and PS7 is not triggered. The concession area does not contain any archaeological artefacts. Hence PS8 is not applicable.

More investments

Date	Total FMO financing
12/16/2014	USD 6.91 MLN
4/30/2013	USD 30.00 MLN