DP World has partnered with Brazilian railway operator, Rumo, to create a new terminal at the Port of Santos that would handle 12.5 million tonnes of grains and fertilisers per year.
Rumo anticipates that the overall investment for the development of this facility will be BRL 2.5 billion ($500 million), with funds coming from Rumo’s own resources, loans, and prospective strategic alliances.
This is in addition to previous developments in DP World container handling facilities, which have increased capacity from 1.2 million TEU to 1.4 million TEU while also expanding the quay from 1,100 to 1,300 metres.
Once completed, the new port will handle 9 million tonnes of grains and 3.5 million tonnes of fertilisers annually.
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With construction projected to take 30 months, all other services at Santos, including cargo handling, will continue uninterrupted.
Under the terms of the 30-year deal, DP World will provide Rumo with the terminal space on the left bank of Brazil’s Port of Santos, as well as take over operations and port services.
The port is reportedly one of the largest and most modern private multi-purpose port terminals in the country.
The new terminal marks DP World’s fourth phase of investment in Brazil since operations began in 2013.
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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.”
In line with DP World’s global decarbonisation strategy, the new terminal will be equipped with 21 new pieces of equipment, featuring advanced technology to reduce consumption and emissions of polluting gases.
In March 2023, DP World invested $38 million to expand and modernise its facilities at the Port of Santos.
Two months later, DP World began the process of electrifying its Rubber-Tired Gantry Cranes (RTGs) at the Port of Santos.
