Dubai-based DP World is planning to invest US$35 million in 2023 to increase cargo loading capacity and consolidate operations at Brazil’s Port of Santos, one of the largest and most modern private multi-purpose port terminals in the country.
The investment is expected to see an increase in annual movement capacity from 1.2 million teu to 1.4 million teu, and an expansion on the size of the quay from 1,100 metres to 1,300 metres.
The terminal currently inhabits 845,000 square metres, with an additional 130,000 square metres available for expansion. The Port of Santos is also home to extensive cellulose pulp operations.
The project is DP World’s third round of investment since operations in Brazil got underway in July 2013, and it seeks to maintain port capacity ahead of growing demand.
The terminal’s implementation and expansion have so far cost more than R3 billion. Its strategic location and easy access to land, road, and rail allow for large-scale, multipurpose operations.
“Investing in the Port of Santos is a calculated move that reflects the port’s position as a critical artery for transportation and logistics in the region. We have a strong advantage in that the Port’s location – with surplus area and rail access – provides the opportunity to expand capacity. As a result, we have the flexibility to develop new projects that will support our cargo diversification strategy, helping to meet the needs of national economy sectors and positioning Brazilian products to be more competitive in the global market,” said Fabio Siccherino, CEO of DP World Santos.