DP World and Rumo collaborate to expand in Santos

DP World is set to invest $500 million in a new facility at the Santos Port in Brazil, capable of handling nine million tonnes of grain and 3.5 million tonnes of fertilizer annually. This bulk terminal project follows recent investments in the port’s container handling facilities, increasing capacity by almost 20%. The 30-month construction project will be financed through a combination of resources, loans, and strategic partnerships, with no impact on existing port activities.

The 30-year agreement between DP World and Rumo will see DP World providing the terminal area on the left bank of the port while taking responsibility for port operations and services. The project is expected to solidify Santos Port’s position as one of Brazil’s largest and most modern multipurpose terminals, with record cargo movements achieved in January. This marks DP World’s fourth round of investment in Brazil since 2013, with a focus on modernizing facilities and implementing technologies to reduce emissions and pollutants.

DP World Santos CEO, Fabio Siccherino, emphasized that the new terminal will enhance trade capabilities and create long-term value for customers and stakeholders. The company’s commitment to sustainability is evident in its decarbonization strategy, with investments in equipment to cut emissions. Overall, the Santos project represents a significant step in DP World’s efforts to expand and modernize its operations in Brazil.

Source .