Brazil’s Minister of Ports and Airports, Silvio Costa Filho, announced R$1.6 billion in new investment for the Port of Santos during an official mission to the United Arab Emirates in Dubai.
The announcement followed a meeting with DP World, which operates one of the country’s largest private multipurpose port terminals. The amount adds to the previously disclosed R$450 million and is intended to raise the port’s handling capacity to 2.1 million TEUs by 2028. The plan includes expanding the quay by 190 meters.
According to the minister, “These investments reinforce the modernization of the port sector, expand the efficiency of the port and demonstrate the confidence of investors in Brazil.”
The newly approved second phase includes a new berthing pier, an expanded support area with a slab on piles, and upgrades to the access gate, inspection zones, and infrastructure for refrigerated cargo, along with other operational facilities. Across both phases, the program provides for the acquisition of four new ship-to-shore cranes, 15 RTGs and 40 ITVs.
DP World states that the equipment meets modern energy-efficiency and sustainability standards and aligns with its global strategy to reduce emissions. With the expansion, the quay is expected to receive New Panamax container vessels of up to 150,000 DWT (366 meters).
The quay extension will add 190 linear meters, bringing total length from 1,100 to 1,290 meters, and will expand areas dedicated to cellulose exports and container operations. Completion is scheduled for August of next year.
DP World is an international port logistics and terminal operator with activities across multiple regions. It functions as a global company in the logistics sector, providing services related to container handling, supply-chain operations and port infrastructure management. The company operates ports and logistics assets under a centralized corporate structure.