DP World Boosts Investments in Latin America

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DP World plans to increase investments in port terminals in Peru and Ecuador to improve capacity and operational efficiency of its Latin America operations.

Peru and Ecuador, located on the West Coast of South America, are key to DP World’s global strategy, serving as international trade gateways.

“Peru and Ecuador’s strategic locations provide reliable connections from the west coast of South America to major global markets,” said Carlos Merino, CEO of DP World in Peru and Ecuador. “This substantial investment in port infrastructure and state-of-the-art equipment underscores DP World’s dedication to enhancing capacity, operability, and economic contributions in this vital region.”

DP World is preparing to celebrate the inauguration of the completed Bicentennial Pier expansion project at the Port of Callao in Peru and the initiation of a berth expansion project at the Port of Posorja in Ecuador.

The $400 million Bicentennial Pier expansion at DP World Callao will boost the terminal’s capacity by 80%, positioning it as a leading logistics hub on the west coast of South America. The extension of the pier to 1,050 meters will allow it to accommodate up to three vessels simultaneously and increase its annual capacity to 2.7 million TEUs (20-foot containers).

The expansion includes state-of-the-art electric-powered equipment and the first electric charging station for trucks in Latin America.

In Ecuador, DP World is planning to expand its berth at the Port of Posorja to enhance capacity and operational efficiency. The $140 million expansion will extend the port to 700 meters of berth space and integrate advanced port equipment.

Merino pointed out that DP World’s investments in Latin America include private capital infusion, job creation, and social and environmental initiatives. “These investments align with global market trends where clients demand efficient, safe, and sustainable ports and logistics solutions,” he said.

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Source link : https://gcaptain.com/dp-world-boosts-investments-in-latin-america/ Author : Publish date : 2024-06-10 11:50:56 Copyright for syndicated content belongs to the linked Source .