ICTSI to pump P10.3B into Brazil terminal expansion

RAZON-LED International Container Terminal Services, Inc.

(ICTSI) will invest R$948 million (around P10.3 billion) to expand and modernize its Rio Brasil Terminal at the Port of Rio de Janeiro, the company announced on Monday.

The project, which will run until 2029, is expected to increase the terminal’s annual container-handling capacity by 70.5%, from 440,000 twenty-foot equivalent units (TEUs) to 750,000 TEUs, ICTSI said in an e-mailed statement. Th

e expansion will position Rio de Janeiro as a key logistics hub for Brazil’s Southeast and Midwest regions, it added. “Thi

s investment is essential for Rio to increase its efficiency, maintain its competitiveness, and absorb part of the demand currently concentrated in Santos,” Roberto Lopes, chief executive officer of Rio Brasil Terminal, was quoted as saying in the statement. “The pro

ject benefits not only the terminal but also the broader economy of the Southeast and Midwest of Brazil,” he added. ICTSI Rio of

fers maritime, road, and rail access and can handle the largest vessels calling the Brazilian coast. The investme

nt will fund R$414.4 million in infrastructure works and R$533.5 million in equipment acquisition, including expansion and unification of storage yards, rearrangement of buildings to optimize container flows, acquisition of modern container-handling equipment, upgrading utility systems and electrical infrastructure, and technology and automation improvements to enhance customer service efficiency. The terminal

will also implement advanced access control, cargo monitoring, and management systems to meet regulatory requirements, ICTSI said. The expansio

n will allow the terminal to operate large Panamax and post-Panamax vessels up to 366 meters long with over 13,000 TEU capacity. Two new cran