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DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos.
According to DP World, this is in addition to recent investments in their container handling facilities increasing capacity from 1.2 million TEUs to 1.4 million TEUs, while expanding the size of the quay from 1,100 meters to 1,300 meters.
With construction expected to take 30 months, all other services including container handling at Santos will continue, with no impact to container handling operations., said DP World.
Commenting on the agreement, Fabio Siccherino, CEO of DP World Santos , said: “We are thrilled to partner with Rumo on this transformative project, which underscores our commitment to driving growth and innovation in Brazil’s logistics sector. This new terminal will not only bolster trade capabilities but also create long-term value for our customers and stakeholders.”
DP World already invested US$35 million in 2023 to expand and modernize its facilities at the Port of Santos.