DP World to invest $38m in Brazil’s Port of Santos

The investment will increase the annual capacity of the port to 1.4m teu, up from 1.2m teu, and expanding the length of the quay to 1,300 metres from 1,100 metres.

The project marks DP World’s third phase of investment since it began operations in Brazil in July 2013. To this date, DP World’s investment in the Port of Santos amounts to more than $577m.

The Port of Santos is one of the largest and most modern private multi-purpose port terminals in Brazil. With this expansion, DP World aims to ensure that port capacity stays ahead of growing demand.

The terminal is strategically located with access to land, road, and rail, enabling large-scale multi-purpose operations.

“This investment reflects the port’s position as a critical artery for transportation and logistics in the region,” said Fabio Siccherino, CEO of DP World Santos.

“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,” he added.

In addition to its multi-purpose operations, the expansion is set to increase the capacity of its cellulose export complex from 3.6m tonnes to 5.4m tonnes annually

Related:Brazilian Minister seeks to privatise smaller ports ahead of Santos