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Latin Times
Latin Times
Business
Azucena Salazar

Peru's $844M Corio Port Eyes Investors from US, China & India. Could This Reshape Trade in South America?

Peru China United States India South America Arequipa APN Asia
This aerial view shows the Callao Port Terminal in Callao, Peru on July 30, 2025. (Credit: Photo by CONNIE FRANCE / AFP) (Photo by CONNIE FRANCE/AFP via Getty Images)

The Briefing

  • Peru's state investment agency ProInversión and the Arequipa regional government signed a three-year cooperation agreement on October 12 to market the $844.48 million Corío port terminal to domestic and international investors — drawing declared interest from companies in the United States, China, India, South Korea, Turkey and the Netherlands.
  • The Corío project, located in the province of Islay in southern Peru, forms part of a broader Ciudad-Puerto Corío master plan covering more than 34,000 hectares that envisions a multimodal logistics hub with road, rail and air connections designed to link South America's interior with Asia-Pacific shipping lanes.
  • Peru's National Port Authority approved the terminal's master plan in September 2026; officials estimate basic port infrastructure could be operational within four to five years, with full project maturation projected at seven to ten years — while no concessionaire, financing or formal tender has yet been secured.
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