DP World plans to make an investment of USD 35 M to expand and modernize its container terminal in Santos, Brazil. With the investment, the company plans to increase the annual handling capacity from 1.20 Mteu to 1.40 Mteu and expand the quay from 1,100 meters to 1,300 m.
DPW Santos, formerly known as Embraport, is a combined container and multi-use facility that currently occupies 84.5 ha in the left bank port area of Santos, with an additional 13.0 ha available for expansion. In addition to container handling, the terminal is also home to extensive pulp operations.
The terminal began operations in July 2013 and will soon celebrate its first ten years of service. On this occasion, DPW said it planned to expand the facility to stay ahead of expected demand.
Santos is Brazil’s largest container port and the DPW facility is one of the port’s “big three” terminals, joining Tecon Santos and Brasil Terminal Portuario (BTP).
“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 great advantage in that the location of the Port, with surplus area and rail access, provides the opportunity to expand capacity.
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As a result, we have the flexibility to develop new projects that will support our cargo diversification strategy, helping to meet the needs of sectors of the national economy and positioning Brazilian products to be more competitive in the global market.”
Fabio Siccherino, CEO of DP World Santos.
Source: Alphaliner
