The modernization and future expansion of the terminal will strengthen logistics resilience, regional competitiveness, and trade integration with Bolivia.

WASHINGTON – IDB Invest and Banco de Crédito del Perú (BCP) provided a loan of up to $250 million to Trabajos Marítimos S.A. (Tramarsa) and Terminal Internacional del Sur S.A. (Tisur) to optimize their capital structure and finance preliminary investments related to the expansion of the Port of Matarani, one of the country’s main port terminals.

The Port of Matarani is a strategic asset for Peru’s foreign trade and regional logistics integration. The terminal handles more than 4% of global copper concentrate trade and plays a key role in the import of grains and production inputs for southern Peru. It also serves as a gateway to international trade for southern regions of Peru and Bolivia.

The port’s expansion will strengthen regional competitiveness by expanding access to modern logistics infrastructure and supporting the development of value chains linked to critical minerals, agribusiness, and international trade. Additionally, it will also generate employment and stimulate the local economy.

The transaction is part of a programmatic financing framework by IDB Invest aimed at the terminal’s future expansion. This first phase totals $250 million, of which IDB Invest will provide up to $125 million through a senior loan, and BCP will provide an additional loan for the same amount, mobilizing local private capital.

The operation is part of the investment plan associated with the extension of the port concession through 2059, which contemplates estimated investments of approximately $700 million. This initial transaction will enable Tramarsa and Tisur to optimize their financial structure and finance preliminary investments that will lay the groundwork for the Port of Matarani's expansion phase.

Tramarsa and Tisur are part of a joint venture between Grupo Romero and Global Infrastructure Partners (GIP), a U.S. infrastructure investor managed by BlackRock, the world’s largest asset manager. This structure brings together local operational experience, international investment capacity, and institutional backing to develop strategic long-term infrastructure.

In subsequent phases, expansion investments are expected to increase the port’s capacity and efficiency, and long-term refinancing through capital markets is intended to attract institutional investors to port infrastructure. The operation reflects IDB Invest’s catalytic role in supporting long-term infrastructure projects that mobilize private capital for development in Latin America and the Caribbean.

IDB Invest will also provide technical assistance to integrate resilience criteria and international best practices in environmental and social management from the early stages of the project. This support will help promote robust standards of sustainability, occupational safety, and responsible resource management throughout the expansion process.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.

About Grupo Tramarsa

Grupo Tramarsa is a leading platform for port infrastructure and services in Peru, with more than 35 years of experience. It is jointly controlled by Grupo Romero and Global Infrastructure Partners (GIP), part of BlackRock. The group operates three port concessions, three private terminals, and has signed operation and maintenance contracts for specialized mining terminals. Through these assets, it moves more than 18 million metric tons annually and serves more than 800 vessels per year, with cumulative investments exceeding $500 million. Its main assets include the Port of Matarani, the Port of Salaverry, and the Callao Mineral Terminal, among others.

About Terminal Internacional del Sur S.A.

Terminal Internacional del Sur S.A. (Tisur) is the concessionaire of the Port Terminal of Matarani, one of the main multipurpose ports in southern Peru. Since the concession began in 1999, Tisur has executed cumulative investments exceeding $290 million to modernize and expand its infrastructure. The port currently handles more than 8.3 million tons of cargo per year, including more than 4.5 million tons of mineral concentrates, strategically enabling exports from major mining operations in southern Peru and supporting the development of new projects. In 2025, the concession was extended for an additional 30 years, through 2059, incorporating a new expansion plan with an investment commitment of approximately $700 million.

About BCP

Banco de Crédito del Perú (BCP) is part of Credicorp, a leading financial services holding company in universal banking, insurance and pensions, microfinance, and investment advisory and asset management in Peru, Colombia, Chile, Bolivia, and the United States. In Peru, BCP is the leading institution in the financial system, with 137 years in the market, a loan portfolio of more than S/115 billion, and deposits exceeding S/140 billion. In addition, BCP operates Yape, a disruptive initiative that has brought more than 6 million people into the financial system and serves 15 million users.