DP World and Rumo to build $500m terminal at Brazil’s Santos port – The National

  • Date: 04-Apr-2024
  • Source: The National
  • Sector:Real Estate
  • Country:UAE
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DP World and Rumo to build $500m terminal at Brazil’s Santos port – The National



Global ports operator DP World has partnered with Brazilian railway operator Rumo to build a terminal at Brazil’s Santos port – one of the largest ports in Latin America – to manage 12.5 million tonnes of cargo annually, as it expands its footprint in the continent.The total cost for the construction of the new complex is estimated to be 2.5 billion Brazilian real ($500 million), according to Rumo’s estimates.It will be financed through a combination of Rumo's resources, loans, and potential strategic partnerships, Dubai Government Media Office said on Tuesday.Once finished, the new terminal will be capable of handling 9 million tonnes of grains and 3.5 million tonnes of fertilisers annually. It aims to position the port of Santos as Brazil’s main trade gateway and a key hub for South America.The construction work is expected to finish in 30 months, and the Dubai-based operator will also look after the operations and port services under the 30-year agreement.“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,” Fabio Siccherino, chief executive of DP World Santos, said.“This new terminal will not only bolster trade capabilities but also create