DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million tonnes a year of grains and fertilizers, positioning the port as Brazil’s primary trade gateway and a key hub for South America, according to the company's release.
Rumo estimates the total investment for the construction of this state-of-the-art facility at BRL 2.5 billion (US$500 million), which will be financed through a combination of Rumo's resources, loans, and potential strategic partnerships.
This is in addition to recent investments in DP World 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 metres to 1,300 metres. Once complete the new terminal will handle 9 million tonnes of grains and 3.5 million tonnes of fertilizers a year. With construction expected to take 30 months, all other services including container handling at Santos will continue, with no impact to container handling operations.
Under the 30-year agreement, DP World will provide the terminal area located on the left bank of Brazil’s Port of Santos to Rumo and assume responsibility for operations and port services.
The port is one of the largest and most modern private multi-purpose port terminals in the country. The collaboration solidifies DP World's position as the country's leading multipurpose port operator, capable of simultaneously handling containers, cellulose, grains and fertilizers. The new terminal marks DP World’s fourth round of investment since operations began in Brazil in 2013.
It comes at a crucial time with the port achieving record cargo movements in January, handling 11.9 million tonnes of cargo. Bulk solids, such as sugar and soy, accounted for 5 million tonnes, up 13.9% compared to the same period in 2023, according to the Port of Santos.
DP World already invested US$35 million in 2023 to expand and modernise its facilities at the Port of Santos. The terminal currently inhabits 845,000 square metres, with an additional 130,000 square metres available for expansion.