DP World to invest $540m in Peru and Ecuador expansion

DP World

DP World is investing $540 million to expand its port operations in two Latin American countries, Peru and Ecuador.

The Dubai-based global port operator is investing $400 million to increase the capacity of Callao Port terminal in Peru by 80 percent through expansion of its Bicentennial Pier.

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The project will extend the pier to 1,050 metres, enabling it to accommodate up to three vessels simultaneously and increasing its annual capacity to 2.7 million twenty-foot equivalent units (TEUs).

The expansion also includes the first electric charging station for trucks in Latin America.

DP World Callao handles 60 percent of the containerised cargo in Peru. In addition, it operates the port of Paita in the north of the country. 

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In Ecuador, DP World plans to expand its berth at the port of Posorja to 700 metres at a cost of $140 million.

The Dubai company operates a special economic zone next to the port of Posorja, which bolsters the South American nation’s trade capabilities. 

The countries’ 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.