Peruvian Trade Set For Boost As DP World Completes $400M Callao Port Expansion

(MENAFN- 3BL) LIMA, Peru, June 20, 2024 /3BL/ - DP World has completed a major $400 million expansion project at the port of Callao in Peru, boosting container handling capacity at the South Terminal by 80% and solidifying Callao's position as the key gateway for global trade on the west coast of South America.

The Bicentennial Pier expansion project extends the pier from 650 meters to 1,050 meters, making Callao one of the few ports in South America capable of accommodating three vessels (or two mega-vessels) simultaneously.

The project increases handling capacity from 1.5 million TEUs (twenty-foot equivalent units) per year to 2.7 million TEUs, while the container yard space has also been expanded to a total of 40 hectares.

The project is a key part of DP World's ambitions for Latin America, announced last month . Given its proximity to the capital, Lima and complementing the growth of nearby Jorge Chávez Airport, the development elevates the Port of Callao from an efficient port to a premier logistics hub for the entire region.

Carlos Merino, CEO of DP World in Peru and Ecuador, said:“The completion of the Bicentennial Pier expansion marks a transformative moment for the Peruvian economy. The Port of Callao is the economic heart of Peru, handling over 90% of the country's containerized cargo, with 60% of that cargo moving through the South Terminal. This expansion significantly enhances our capacity and operational efficiency. This development, in conjunction with other DP World ports in the region, solidifies our commitment to enhancing the connectivity and economic vitality of Peru and the entire region.”

Along with the pier extension and container handling, the project also adds state-of-the-art electric-powered equipment, including 15 electric cranes and 20 electric ITVs (internal transport vehicles). This makes it the first port terminal in the world to acquire a fleet of this magnitude.

Merino added:“This expansion is not just about increasing capacity; it's about setting a new standard for port infrastructure in South America. By integrating state-of-the-art electric-powered equipment and implementing sustainable practices, we are leading the way towards a greener and more efficient future for global trade.”

Additionally, the terminal now hosts the first electric charging station for trucks in Latin America . The 2-megawatt station will support DP World's fleet of electric ITVs, reducing CO2 emissions by more than 2,000 tons per year and promoting a sustainable energy transition in the Peruvian market.

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DP World Americas Media Contact:

Melina Vissat, Head of Communications
M: (+1) 704-605-6159
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About DP World

Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world's trade flow better, changing what's possible for the customers and communities we serve globally.

With a dedicated, diverse and professional team of more than 111,000 employees from 159 nationalities, spanning 77 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that's fit for the future.

We're rapidly transforming and integrating our businesses -- Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.

What's more, we're reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we're at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer's door.

WE MAKE TRADE FLOW
TO CHANGE WHAT'S POSSIBLE FOR EVERYONE.

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