Peru will build its first artificial peninsula in Callao: investment amounts to more than US$760 million and will have these innovative spaces

The construction of an artificial peninsula in Callao is an ambitious infrastructure project in Peru, seeking to generate 2 km² of urban land reclaimed from the sea.

Proinversión unlocks 222 projects for S/4.241 billion with Works for Taxes, with 92% progress in public investment.

The creation of an artificial peninsula on the Callao coast is one of the coastal infrastructure projects being planned in Peru. This proposal includes the creation of new urban spaces from land reclaimed from the sea, integrating urban elements, recreational areas, and facilities for nautical activities.

This project, currently in the formulation stage, has been presented as a Private Initiative under the Project in Assets modality. The projected investment is over $760 million, and the Ministry of Housing, Construction, and Sanitation (MVCS) is the granting entity.

Characteristics of the Callao artificial peninsula project and included spaces
The project involves the creation of a new urban area of ​​approximately 2 square kilometers, built on reclaimed land. This space will include a 280,000-square-meter artificial beach, a 1-square-kilometer outdoor park, and an indoor water park covering 300,000 square meters. It is conceived as a comprehensive real estate development with nautical infrastructure, favoring residential, recreational, and commercial uses.

The planned location in Callao gives the project strategic value due to its proximity to access roads and logistics hubs, which will allow for the integration of services and infrastructure to support new urban and tourism activities.

Investment, current phase, and planned schedule for the Puerta del Pacífico artificial peninsula
The estimated investment amount is $767 million, and the project is currently in the formulation phase. The project's structure includes a declaration of interest in the third quarter of 2025, at which point interested parties will be invited to participate in the process.

The award is subsequently scheduled for the fourth quarter of the same year, under the direct award modality, permitted only for private initiatives. The execution schedule includes various stages, including the submission of credentials and technical and economic proposals.

What type of contract and award modality does the initiative have, according to ProInversión?
The artificial peninsula of Callao will be developed under the Project in Assets contract modality with investment commitment, according to information from ProInversión. This typology allows the investor to propose, finance, build, and operate the infrastructure without the State transferring ownership of the asset.

The project is classified as Greenfield, meaning it is on land without prior infrastructure. This modality allows for planning from scratch and is adapted to large-scale projects such as the one planned on the Callao coast.

Source: La Republica