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DP World is investing some USD 540 mn to expand its operations in Ecuador and Peru, the port operator said in a statement yesterday.
#1- The logistics giant earmarked USD 140 mn to expand its dock at the Port of Posorja in Ecuador, with construction scheduled to kick off in the upcoming months to “enhance capacity and operational efficiency.” The expansion will extend DP World’s terminal in the deepwater port by an additional 232 meters, bringing its total allocated berth space to 700 meters. The firm has not disclosed the expected timeline of the project.
Background: In April, DP World inked an MoU with Ecuador’s Transportation and Public Works Ministry to carry out the expansion.
#2- DP World is also set to inaugurate its USD 400 mn Bicentennial Pier expansion project at the DP World Callao port in Peru, the company said. The expansion extended the pier to over 1k meters, enabling it to accommodate three vessels at once and increasing annual throughput by 80% to 2.7 mn twenty-foot equivalent units. The project saw the port operator install the first electric truck charging station in Latin America in a bid to promote decarbonization and sustainability efforts.
Background: DP World commenced the expansion project in September 2021 with an initial investment of USD 350 mn.
About the port: The Port of Callao handles almost 90% of Peru’s container traffic, with DP World managing around 60% of the port’s containerized cargo.
