DP World and Rumo to develop new facility at Port of Santos ...United Arab Emirates

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DP World and Rumo to develop new facility at Port of Santos
A deal has been inked that will see DP World and Brazilian railway operator Rumo develop a new US $500mn terminal at the Port of Santos. The facility will be able to handle 12.5m tonnes a year of grain and fertiliser, and is expected to position the port as the country’s primary trade gateway and a key hub for South America. The expansion is in addition to recent investments in DP World’s container handling facilities in the port, increasing capacity from 1.2m TEUs to 1.4m TEUs, while expanding the size of the quay from 1,100m to 1,300m. The new project will leverage Rumo’s resources in addition to loans and potential strategic partnerships. Construction is expected to take 30 months, all ot

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