DP World and Brazilian-based Rumo will set up a terminal at the Port of Santos to handle 12.5 million tonnes a year of foodgrain and fertilizers, Fabio Siccherino, CEO, DP World Santos, said. Rumo estimates the total investment for construction of this facility at BRL2.5 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 to 1,300 metres. Once completed, the terminal will handle 9 million tonnes of foodgrain and 3.5 million tonnes of fertilizers a year.
The new terminal comes at a time with the port achieving record cargo movement in January, handling 11.9 million tonnes of cargo. “We are thrilled to partner with Rumo on this project, which underlines our commitment to driving growth and innovation in Brazil’s logistics sector. This new terminal will bolster trade capabilities and create long-term value for our customers and stakeholders,” Siccherino said.