DP World Finalises $400 Million Expansion Of Callao Port, Elevating Trade Capacities

DP World has completed a significant US$400 million expansion project at the Port of Callao in Peru, enhancing container handling capacity at the South Terminal by 80 percent. This development solidifies Callao’s position as a crucial gateway for global trade on the west coast of South America.

The Bicentennial Pier expansion extends the pier from 650 meters to 1,050 meters. This makes 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.

The container yard space has also been expanded to a total of 40 hectares. This project is part of DP World’s ambitions for Latin America, announced last month. Given its proximity to Lima and complementing the growth of nearby Jorge Chávez Airport, the development elevates the Port of Callao to a premier logistics hub for the region.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, stated, "The Bicentennial Pier project is a landmark achievement for us in Peru. Our $400 million investment represents our unwavering commitment to supporting the region’s economic growth and solidifying Callao's position as a premier logistics hub."

Carlos Merino, CEO of DP World in Peru and Ecuador, added, "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 percent of the country’s containerised cargo, with 60 percent moving through the South Terminal."

State-of-the-Art Equipment

The project also introduces 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 globally to acquire a fleet of this magnitude. Merino noted, "This expansion is not just about increasing capacity; it's about setting a new standard for port infrastructure in South America."

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

Future Prospects

This expansion significantly boosts operational efficiency and capacity at the Port of Callao. In conjunction with other DP World ports in the region, it enhances connectivity and economic vitality across Peru and South America.

By integrating advanced electric-powered equipment and implementing sustainable practices, DP World aims to lead towards a greener and more efficient future for global trade.

With inputs from WAM