DP World is investing $38 million to modernize the Port of Santos

UAE-based operator DP World has announced plans to invest $38 million in 2023 to expand and modernize its facilities on the left bank of Brazil’s Port of Santos, one of the country’s largest and most modern multipurpose private port terminals to invest.

DP World’s goal is to increase the terminal’s annual container capacity from 1.2 million to 1.4 million TEU and expand the quay area from 1,100 to 1,300 meters. The terminal currently covers 845,000 m², with a further 130,000 m² available for expansion.

The project is DP World’s third round of investment since it began operations in Brazil in July 2013. To date, more than $580 million has been invested in the implementation and expansion of the terminal, which provides access by land, road and rail for large multi-purpose operations.

Fabio Siccherino, CEO of DP World Santos, commented: “Investing in the Port of Santos is a calculated move that reflects the port’s position as a major transport and logistics artery in the region. We have a major advantage in that the location of the port – with excess space and rail access – offers the opportunity to expand capacity. As a result, we have the flexibility to develop new projects that support our cargo diversification strategy, help meet the needs of national economic sectors and position Brazilian products to be more competitive in the global market.”

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