DP World will make an investment of R$ 1.6 billion (USD 296 million) in the Port of Santos to expand its cargo handling capacity at the terminal. The announcement was made by Brazil’s Minister of Ports and Airports, Silvio Costa Filho, in Dubai, during an official mission to the United Arab Emirates.
The total amount is in addition to the R$ 450 million already announced and aims to increase capacity to 2.1 million TEU by 2028, including works to extend the pier by 190 meters.
“These investments reinforce the modernization of the port sector, increase the port’s efficiency, and demonstrate investors’ confidence in Brazil,” commented the minister after meeting with representatives from DP World.
The second phase of investments, recently approved, includes the construction of a new berthing pier, the installation of a slab on piles, as well as improvements to the access gate, inspection zones, refrigerated cargo infrastructure, and other operational support structures.
In total, across both phases, the program includes the acquisition of four ship-to-shore cranes, 15 RTGs which will increase the capacity and speed of container handling in the yard, and 40 ITVs which will reinforce the fleet responsible for the internal transport of cargo.
The pier will gain an additional 190 linear meters, increasing from 1,100 to 1,290 meters, which will expand the areas for pulp exports and container operations. The project is expected to be completed in August of next year.
