DP World Santos Expansion Project (Phase 2)

Objective

Key upgrades include: Construction of a new berth and expanded yard supported by a new deck on piles Upgraded access gates and expanded inspection areas Additional reefer towers to serve rapidly growing agricultural exports New operational buildings and support infrastructure Acquisition of four quay cranes, 15 RTGs, and 40 internal transfer vehicles (ITVs), aligned with DP World’s global decarbonization strategy

Description

Since launching operations in 2013, DP World Santos has invested over R$ 3 billion (approx. US$555 million) in its Brazilian terminal, transforming it into a major multi-purpose hub. Key milestones included expanding the quay to 1,100 meters, constructing a 35,000 sq. meter warehouse, and launching a state-of-the-art pulp handling complex in 2020. In 2023, the company committed to further modernization, including a $35M investment to boost capacity to 1.4M TEUs and a comprehensive electrification project for 22 RTG cranes, reducing diesel consumption by 60%. These investments have solidified its position as a leading, sustainable logistics provider in South America. “These investments strengthen the modernisation of the port sector, improve the efficiency of the port and demonstrate investors’ confidence in Brazil,” Brazil's ports minister Silvio Costa Filho said after a meeting with DP World representatives in Dubai during an official visit to the UAE.

Finance