Posted on June 17, 2024
Port and logistics company DP World is investing $540m into two of its ports in Peru and Ecuador, as it looks to strengthen its capacity in the Latin America region.
The Dubai-based company revealed a $140m expansion of its berth at the Port of Posorja in Ecuador that will begin construction this year; as well as confirming that its $400m Bicentennial Pier project at the Port of Callao in Peru would soon be completed.
Carlos Merino, CEO of DP World in Peru and Ecuador, said: “Peru and Ecuador’s strategic locations provide reliable connections from the west coast of South America to major global markets.
“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.”
The Bicentennial Pier project will expand DP World’s capacity in Callao by 80% to 2.7m TEUs per year by extending the pier to 1,050m and allowing it to host up to three vessels at the same time when it opens later this year.
Additionally, the project has seen the introduction of electric-powered equipment such as 15 new cranes and Latin America’s first electric truck charging station to the terminal.
Meanwhile, the expansion works in Ecuador will extend the berth space at Posorja by 700m and install “advanced port equipment” to maintain the site’s competitiveness with surrounding ports.
The two projects continue DP World’s recent investment into its global port infrastructure as it strengthens its position as one of the leaders in the industry, following acquisitions and investments in key regions such as Savannakhet dry port in Laos and Dar es Salaam port in Tanzania.
